Cost of Living in Peever Flats, SD

With a cost of living index of 73, Peever Flats, SD is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and in line with the South Dakota state average. Peever Flats is a small community of 107 residents.

The median household income in Peever Flats is $28,571, which is 62% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Peever Flats. The area sees an average annual temperature of 44°F, with summers averaging 69°F and winters around 17°F. Annual rainfall totals 22.9 inches spread over roughly 108 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.