Faulkton, SD vs Wagner, SD

Faulkton, SD and Wagner, SD have a very similar cost of living, with only a 3.3% difference in their overall index. Faulkton scores 66 while Wagner scores 64 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 Faulkton is $860/month compared to $711/month in Wagner — a 21% difference. Interestingly, home values tell a different story: while Wagner has cheaper rent, Faulkton actually has lower median home values ($100,000 vs $129,200).

Median household income in Faulkton is $68,672 compared to $47,137 in Wagner (+45.7%). While Faulkton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Faulkton spend roughly 15% of their income on rent, less than the 18.1% in Wagner.