Hot Springs, SD vs Platte, SD

Hot Springs, SD and Platte, SD have a very similar cost of living, with only a 0.2% difference in their overall index. Hot Springs scores 71 while Platte scores 71 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 Hot Springs is $854/month compared to $860/month in Platte — a 1% difference. Interestingly, home values tell a different story: while Hot Springs has cheaper rent, Platte actually has lower median home values ($165,700 vs $168,200).

Median household income in Hot Springs is $49,688 compared to $71,641 in Platte (-30.6%). Platte offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hot Springs spend roughly 20.6% of their income on rent, more than the 14.4% in Platte.

Climate-wise, Platte is notably warmer with an average of 48.2°F compared to 43.2°F in Hot Springs. Platte receives more rainfall at 20.4" per year compared to 19.8" in Hot Springs.