Cost of Living in Lake Poinsett, SD
Population: 413 | South Dakota
Lake Poinsett is 8% more expensive than the national average.
Cost of Living in Lake Poinsett, SD: What You Need to Know
With a cost of living index of 108, Lake Poinsett, SD is somewhat more expensive than average. Living here is 8% more expensive than the national average and 34% above the South Dakota state average of 74. Lake Poinsett is a small community of 413 residents.
The median household income in Lake Poinsett is $101,136, which is 35% higher than the national median of $75,149.
Climate is another factor for anyone considering a move to Lake Poinsett. 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.
Income
- Median Household Income
- $101,136
- vs US Median ($75,149)
- +35%
Housing
- Median Home Value
- $446,600
- Median Monthly Housing Cost
- $1,821/mo
Climate in Lake Poinsett
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 21 | 26 | 39 | 54 | 67 | 77 | 82 | 80 | 72 | 56 | 40 | 26 |
| Avg °F | 12 | 16 | 29 | 43 | 56 | 66 | 71 | 69 | 60 | 46 | 31 | 18 |
| Low °F | 3 | 7 | 20 | 32 | 45 | 55 | 60 | 58 | 49 | 35 | 21 | 9 |
| Rain" | 0.6 | 0.7 | 1.0 | 2.1 | 2.9 | 3.9 | 3.1 | 2.9 | 2.5 | 2.0 | 0.7 | 0.7 |