Cost of Living in Hartford, SD

With a cost of living index of 78, Hartford, SD is a very affordable place to live. Living here is 22% cheaper than the national average and 4% above the South Dakota state average of 74. Hartford is a small community of 3,412 residents.

Housing costs are the biggest factor in Hartford's cost of living. The median monthly rent is $937 (29% below the US median of $1,319), and the median home value sits at $223,400 (27% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Hartford is $95,426, which is 27% higher 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.

Climate is another factor for anyone considering a move to Hartford. 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.