Cost of Living in Canova, SD

With a cost of living index of 74, Canova, SD is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and in line with the South Dakota state average. Canova is a small community of 140 residents.

The median household income in Canova is $58,000, which is 23% lower than the national median of $75,149. 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 Canova. The area sees an average annual temperature of 47.7°F, with summers averaging 72°F and winters around 22°F. Annual rainfall totals 21.1 inches spread over roughly 84 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Sioux Falls, SD-MN (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.