Hot Springs, SD vs Parker, SD

Hot Springs is moderately more affordable than Parker, with a 6.9% lower cost of living index. Hot Springs scores 71 compared to 77 for Parker, where the US average is 100. This difference means residents of Parker can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hot Springs is $854/month compared to $923/month in Parker — a 8% difference. Home values follow the same pattern: Hot Springs is more affordable at $168,200 median vs $208,000.

Median household income in Hot Springs is $49,688 compared to $87,632 in Parker (-43.3%). While Parker is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hot Springs spend roughly 20.6% of their income on rent, more than the 12.6% in Parker.

Climate-wise, Parker is notably warmer with an average of 47.4°F compared to 43.2°F in Hot Springs. Parker receives more rainfall at 27.8" per year compared to 19.8" in Hot Springs.