Beresford, SD vs Hot Springs, SD

Hot Springs is moderately more affordable than Beresford, with a 6.4% lower cost of living index. Beresford scores 76 compared to 71 for Hot Springs, where the US average is 100. This difference means residents of Beresford can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Beresford is $868/month compared to $854/month in Hot Springs — a 2% difference. Home values follow the same pattern: Hot Springs is more affordable at $168,200 median vs $219,800.

Median household income in Beresford is $71,017 compared to $49,688 in Hot Springs (+42.9%). While Beresford is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Beresford spend roughly 14.7% of their income on rent, less than the 20.6% in Hot Springs.

Climate-wise, Beresford is notably warmer with an average of 48.7°F compared to 43.2°F in Hot Springs. Beresford receives more rainfall at 28.7" per year compared to 19.8" in Hot Springs.