Cost of Living in Gary, SD

With a cost of living index of 52, Gary, SD is one of the most affordable cities in the country. Living here is 48% cheaper than the national average and 22% below the South Dakota state average of 74. Gary is a small community of 227 residents.

Housing costs are the biggest factor in Gary's cost of living. The median monthly rent is $479 (64% below the US median of $1,319), and the median home value sits at $72,500 (76% below the national median of $304,900). At current prices, the median home costs roughly 1.5x the median household income — well within traditional affordability guidelines.

The median household income in Gary is $49,375, which is 34% lower than the national median of $75,149. Residents spend roughly 12% 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 Gary. The area sees an average annual temperature of 43°F, with summers averaging 69°F and winters around 15°F. Annual rainfall totals 22.7 inches spread over roughly 96 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.