Cost of Living in Leola, SD

With a cost of living index of 62, Leola, SD is one of the most affordable cities in the country. Living here is 38% cheaper than the national average and 12% below the South Dakota state average of 74. Leola is a small community of 363 residents.

Housing costs are the biggest factor in Leola's cost of living. The median monthly rent is $839 (36% below the US median of $1,319), and the median home value sits at $66,500 (78% below the national median of $304,900). At current prices, the median home costs roughly 0.9x the median household income — well within traditional affordability guidelines.

The median household income in Leola is $76,458, which is 2% higher than the national median of $75,149. Residents spend roughly 13% 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 Leola. The area sees an average annual temperature of 41.9°F, with summers averaging 67°F and winters around 15°F. Annual rainfall totals 19.9 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.