Cost of Living in Fairview, SD

With a cost of living index of 82, Fairview, SD is a very affordable place to live. Living here is 18% cheaper than the national average and 8% above the South Dakota state average of 74. Fairview is a small community of 95 residents.

The median household income in Fairview is $69,464, which is 8% 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 Fairview. The area sees an average annual temperature of 47.4°F, with summers averaging 72°F and winters around 21°F. Annual rainfall totals 27.8 inches spread over roughly 104 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.