Baltic, SD vs Hot Springs, SD
There is a significant gap in the cost of living between these two cities. Hot Springs is 19.3% cheaper than Baltic. With a cost index of 71 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hot Springs to Baltic should plan for substantially higher expenses across most categories.
On the housing front, median rent in Baltic is $1,116/month compared to $854/month in Hot Springs — a 31% difference. Home values follow the same pattern: Hot Springs is more affordable at $168,200 median vs $240,200.
Median household income in Baltic is $105,132 compared to $49,688 in Hot Springs (+111.6%). While Baltic is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Baltic spend roughly 12.7% of their income on rent, less than the 20.6% in Hot Springs.
Climate-wise, both cities share similar average temperatures (45.1°F vs 43.2°F). Baltic receives more rainfall at 29.6" per year compared to 19.8" in Hot Springs.
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Climate
NOAA 30-year normals (1991-2020)