Cost of Living in Mina, SD

With a cost of living index of 103, Mina, SD is somewhat more expensive than average. Living here is 3% more expensive than the national average and 29% above the South Dakota state average of 74. Mina is a small community of 888 residents.

Housing costs are the biggest factor in Mina's cost of living. The median monthly rent is $1,159 (12% below the US median of $1,319), and the median home value sits at $448,600 (47% above the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Mina is $102,969, which is 37% higher than the national median of $75,149. Residents spend roughly 14% 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 Mina. The area sees an average annual temperature of 44°F, with summers averaging 70°F and winters around 16°F. Annual rainfall totals 21.8 inches spread over roughly 98 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.