Counties › South Dakota

Cost of Living in Minnehaha County, SD

Population 203,289 · Census ACS 2020–2024 5-year estimates

Median rent$978
Median home value$287,600
Median household income$76,880

The median rent in Minnehaha County, SD is $978/month, 3% higher than the South Dakota median and 31% lower than the U.S. median. The median home value is $287,600, 14% lower than the national median. Households earn a median of $76,880 a year, 2% higher than the state median.

Affordability

Rent as a share of median income: 15.3%
Income needed for median rent (30% rule): $39,120/yr
Home price-to-income ratio: 3.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,454/mo

Run your own numbers: mortgage calculator · hourly to salary

Minnehaha County vs. South Dakota vs. U.S.

Minnehaha CountySouth DakotaU.S.
Median rent$978$946$1,413
Median home value$287,600$257,400$332,700
Median household income$76,880$75,081$80,734
Homeownership rate63.1%68.6%65.2%
Bachelor's degree or higher35.2%31.9%35.7%
Poverty rate8.8%11.9%12.5%
Unemployment rate2.5%2.9%5.2%
Work from home11.1%9.7%15.1%
Median age36.038.038.9

FAQ

What is the average rent in Minnehaha County, SD?

The median gross rent in Minnehaha County, SD is $978 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Minnehaha County, SD?

Using the common 30% rule, renting a median-priced home takes about $39,120 a year in gross income.

Is Minnehaha County, SD expensive to live in?

Rent there is 31% lower than the U.S. median, and the median home costs about 3.7 times the median household income.

Other counties in South Dakota

Pennington County, SDRent $1,120 · Income $74,517Lincoln County, SDRent $1,260 · Income $99,166Brown County, SDRent $777 · Income $70,898Brookings County, SDRent $901 · Income $70,064Meade County, SDRent $1,264 · Income $74,790Codington County, SDRent $938 · Income $72,727

Counties with a similar cost of living

Union County, PARent $974 · Income $76,404Miami County, OHRent $966 · Income $76,817Barry County, MIRent $972 · Income $77,500Lapeer County, MIRent $988 · Income $77,306Jasper County, INRent $962 · Income $77,314Dodge County, WIRent $988 · Income $75,929

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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