Milbank, SD vs Summerset, SD

The cost of living difference between Milbank, SD and Summerset, SD is dramatic. Milbank is 38.7% cheaper than Summerset, a gap that translates to thousands of dollars per year in household expenses. Milbank has a cost index of 59 while Summerset sits at 97, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Milbank is $480/month compared to $1,233/month in Summerset — a 61% difference. Home values follow the same pattern: Milbank is more affordable at $161,300 median vs $337,900.

Median household income in Milbank is $58,462 compared to $115,197 in Summerset (-49.3%). While Summerset 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 12.8% in Summerset.