Freeman, SD vs Timber Lake, SD

There is a significant gap in the cost of living between these two cities. Timber Lake is 22.5% cheaper than Freeman. With a cost index of 56 vs 68, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Timber Lake to Freeman should plan for substantially higher expenses across most categories.

On the housing front, median rent in Freeman is $741/month compared to $567/month in Timber Lake — a 31% difference. Home values follow the same pattern: Timber Lake is more affordable at $83,600 median vs $171,300.

Median household income in Freeman is $60,114 compared to $58,000 in Timber Lake (+3.6%). 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 11.7% in Timber Lake.