Cost of Living in Big Stone City, SD

With a cost of living index of 63, Big Stone City, SD is one of the most affordable cities in the country. Living here is 37% cheaper than the national average and 12% below the South Dakota state average of 74. Big Stone City is a small community of 609 residents.

Housing costs are the biggest factor in Big Stone City's cost of living. The median monthly rent is $705 (47% below the US median of $1,319), and the median home value sits at $122,500 (60% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Big Stone City is $50,333, which is 33% lower than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Big Stone City. The area sees an average annual temperature of 44°F, with summers averaging 69°F and winters around 17°F. Annual rainfall totals 22.9 inches spread over roughly 108 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.