Faith, SD vs Lake Madison, SD

The cost of living difference between Faith, SD and Lake Madison, SD is dramatic. Faith is 40.8% cheaper than Lake Madison, a gap that translates to thousands of dollars per year in household expenses. Faith has a cost index of 53 while Lake Madison sits at 90, 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 Faith is $384/month compared to $595/month in Lake Madison — a 36% difference. Home values follow the same pattern: Faith is more affordable at $124,400 median vs $496,600.

Median household income in Faith is $39,583 compared to $116,648 in Lake Madison (-66.1%). While Lake Madison is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Faith spend roughly 11.6% of their income on rent, more than the 6.1% in Lake Madison.

Climate-wise, both cities share similar average temperatures (45.8°F vs 45.1°F). Lake Madison receives more rainfall at 29.6" per year compared to 16.1" in Faith.