Canton, SD vs Hot Springs, SD

Canton, SD and Hot Springs, SD have a very similar cost of living, with only a 4.3% difference in their overall index. Canton scores 68 while Hot Springs scores 71 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Canton is $693/month compared to $854/month in Hot Springs — a 19% difference. Interestingly, home values tell a different story: while Canton has cheaper rent, Hot Springs actually has lower median home values ($168,200 vs $191,000).

Median household income in Canton is $65,500 compared to $49,688 in Hot Springs (+31.8%). Canton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Canton spend roughly 12.7% of their income on rent, less than the 20.6% in Hot Springs.

Climate-wise, Canton is notably warmer with an average of 47.4°F compared to 43.2°F in Hot Springs. Canton receives more rainfall at 27.8" per year compared to 19.8" in Hot Springs.