Spearfish, SD vs Vermillion, SD

There is a significant gap in the cost of living between these two cities. Vermillion is 20.7% cheaper than Spearfish. With a cost index of 71 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Vermillion to Spearfish should plan for substantially higher expenses across most categories.

On the housing front, median rent in Spearfish is $941/month compared to $728/month in Vermillion — a 29% difference. Home values follow the same pattern: Vermillion is more affordable at $210,200 median vs $309,200.

Median household income in Spearfish is $59,731 compared to $52,815 in Vermillion (+13.1%). The higher salaries in Spearfish partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Spearfish spend roughly 18.9% of their income on rent, more than the 16.5% in Vermillion.