Fort Thompson, SD vs Summit, SD

Fort Thompson is moderately more affordable than Summit, with a 9.3% lower cost of living index. Fort Thompson scores 56 compared to 62 for Summit, where the US average is 100. This difference means residents of Summit can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Fort Thompson is $515/month compared to $775/month in Summit — a 34% difference. Interestingly, home values tell a different story: while Fort Thompson has cheaper rent, Summit actually has lower median home values ($84,000 vs $110,300).

Median household income in Fort Thompson is $45,313 compared to $57,500 in Summit (-21.2%). While Summit is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fort Thompson spend roughly 13.6% of their income on rent, less than the 16.2% in Summit.