Cost of Living in Olivet, SD
Population: 54 | South Dakota
Olivet is 3% less expensive than the national average.
Cost of Living in Olivet, SD: What You Need to Know
With a cost of living index of 97, Olivet, SD is slightly more affordable than average. Living here is 3% cheaper than the national average and 22% above the South Dakota state average of 74. Olivet is a small community of 54 residents.
The median household income in Olivet is $59,583, which is 21% lower than the national median of $75,149.
Climate is another factor for anyone considering a move to Olivet. The area sees an average annual temperature of 48.7°F, with summers averaging 73°F and winters around 23°F. Annual rainfall totals 28.7 inches spread over roughly 88 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
- $59,583
- vs US Median ($75,149)
- -21%
Housing
- Median Monthly Housing Cost
- $436/mo
Climate in Olivet
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 30 | 35 | 47 | 60 | 72 | 82 | 87 | 85 | 78 | 63 | 47 | 34 |
| Avg °F | 20 | 25 | 36 | 48 | 60 | 71 | 75 | 73 | 65 | 51 | 36 | 25 |
| Low °F | 10 | 14 | 25 | 35 | 48 | 59 | 64 | 62 | 52 | 39 | 25 | 15 |
| Rain" | 0.7 | 0.9 | 1.6 | 3.4 | 3.7 | 4.0 | 3.5 | 3.3 | 2.9 | 2.6 | 1.3 | 1.0 |