Cost of Living in Tabor, SD

With a cost of living index of 73, Tabor, 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. Tabor is a small community of 346 residents.

Housing costs are the biggest factor in Tabor's cost of living. The median monthly rent is $1,023 (22% below the US median of $1,319), and the median home value sits at $122,700 (60% below the national median of $304,900). At current prices, the median home costs roughly 1.6x the median household income — well within traditional affordability guidelines.

The median household income in Tabor is $78,438, which is 4% higher 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.

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.