Castlewood, SD vs Florence, SD

The cost of living difference between Castlewood, SD and Florence, SD is dramatic. Florence is 41.8% cheaper than Castlewood, a gap that translates to thousands of dollars per year in household expenses. Castlewood has a cost index of 77 while Florence sits at 55, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Castlewood is $1,028/month compared to $388/month in Florence — a 165% difference. Home values follow the same pattern: Florence is more affordable at $137,500 median vs $178,600.

Median household income in Castlewood is $87,768 compared to $69,531 in Florence (+26.2%). The higher salaries in Castlewood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Castlewood spend roughly 14.1% of their income on rent, more than the 6.7% in Florence.

Climate-wise, both cities share similar average temperatures (43°F vs 43°F). Florence receives more rainfall at 22.7" per year compared to 22.7" in Castlewood.