Edgemont, SD vs Florence, SD

Edgemont, SD and Florence, SD have a very similar cost of living, with only a 4.3% difference in their overall index. Edgemont scores 52 while Florence scores 55 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 Edgemont is $460/month compared to $388/month in Florence — a 19% difference. Interestingly, home values tell a different story: while Florence has cheaper rent, Edgemont actually has lower median home values ($81,100 vs $137,500).

Median household income in Edgemont is $42,440 compared to $69,531 in Florence (-39%). While Florence is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Edgemont spend roughly 13% of their income on rent, more than the 6.7% in Florence.

Climate-wise, both cities share similar average temperatures (43.2°F vs 43°F). Florence receives more rainfall at 22.7" per year compared to 19.8" in Edgemont.