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Freeman, SD vs Milbank, SD

68
Freeman
South Dakota
VS
+14.8%
59
Milbank
South Dakota

Milbank is moderately more affordable than Freeman, with a 14.8% lower cost of living index. Freeman scores 68 compared to 59 for Milbank, where the US average is 100. This difference means residents of Freeman can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Freeman is $741/month compared to $480/month in Milbank — a 54% difference. Home values follow the same pattern: Milbank is more affordable at $161,300 median vs $171,300.

Median household income in Freeman is $60,114 compared to $58,462 in Milbank (+2.8%). Freeman does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Freeman spend roughly 14.8% of their income on rent, more than the 9.9% in Milbank.

Climate-wise, Freeman is notably warmer with an average of 48.7°F compared to 43°F in Milbank. Freeman receives more rainfall at 28.7" per year compared to 22.7" in Milbank.

Income & Cost

Cost of Living Index
Freeman
68
Milbank
59
13% cheaper
Median Household Income
Freeman
$60,114
3% higher
Milbank
$58,462

Housing

Median Rent
Freeman
$741
Milbank
$480
35% cheaper
Median Home Value
Freeman
$171,300
Milbank
$161,300
6% cheaper
Population
Freeman
1,558
Milbank
3,513

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Freeman $2.99
Milbank
US $3.07
🥚
Eggs (grade A, large)
Freeman $2.44
Milbank
US $2.50
🥛
Milk (whole)
Freeman $3.92
Milbank
US $4.03
🍞
Bread (white)
Freeman $1.80
Milbank
US $1.85
🍗
Chicken breast
Freeman $4.03
Milbank
US $4.14
Electricity
Freeman $0.16
Milbank
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Freeman 48.7°F
Milbank 43°F
Summer High
Freeman 87°F
Milbank 82°F
Winter Low
Freeman 10°F
Milbank 3°F
Rainfall
Freeman 28.7"
Milbank 22.7"
Rainy Days
Freeman 88d
Milbank 96d