Milbank, SD vs Redfield, SD

Milbank, SD and Redfield, SD have a very similar cost of living, with only a 3.4% difference in their overall index. Milbank scores 59 while Redfield scores 61 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 Milbank is $480/month compared to $668/month in Redfield — a 28% difference. Interestingly, home values tell a different story: while Milbank has cheaper rent, Redfield actually has lower median home values ($117,000 vs $161,300).

Median household income in Milbank is $58,462 compared to $60,586 in Redfield (-3.5%). While Redfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Milbank spend roughly 9.9% of their income on rent, less than the 13.2% in Redfield.