Vermillion, SD vs Watertown, SD

Vermillion is moderately more affordable than Watertown, with a 7.2% lower cost of living index. Vermillion scores 71 compared to 76 for Watertown, where the US average is 100. This difference means residents of Watertown can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Vermillion is $728/month compared to $904/month in Watertown — a 20% difference. Home values follow the same pattern: Vermillion is more affordable at $210,200 median vs $212,300.

Median household income in Vermillion is $52,815 compared to $62,721 in Watertown (-15.8%). While Watertown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Vermillion spend roughly 16.5% of their income on rent, less than the 17.3% in Watertown.