Chancellor, SD vs Spencer, SD

Spencer is moderately more affordable than Chancellor, with a 12.3% lower cost of living index. Chancellor scores 63 compared to 56 for Spencer, where the US average is 100. This difference means residents of Chancellor can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Chancellor is $650/month compared to $425/month in Spencer — a 53% difference. Home values follow the same pattern: Spencer is more affordable at $137,500 median vs $137,500.

Median household income in Chancellor is $64,750 compared to $57,917 in Spencer (+11.8%). The higher salaries in Chancellor partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Chancellor spend roughly 12% of their income on rent, more than the 8.8% in Spencer.