Cost of Living in Onida, SD

With a cost of living index of 76, Onida, SD is a very affordable place to live. Living here is 24% cheaper than the national average and in line with the South Dakota state average. Onida is a small community of 658 residents.

Housing costs are the biggest factor in Onida's cost of living. The median monthly rent is $945 (28% below the US median of $1,319), and the median home value sits at $187,000 (39% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Onida is $71,050, which is 5% lower than the national median of $75,149. Residents spend roughly 16% 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 Onida. The area sees an average annual temperature of 47°F, with summers averaging 72°F and winters around 22°F. Annual rainfall totals 20.2 inches spread over roughly 90 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.