Cost of Living in Volga, SD

With a cost of living index of 81, Volga, SD is a very affordable place to live. Living here is 19% cheaper than the national average and 7% above the South Dakota state average of 74. Volga is a small community of 2,246 residents.

Housing costs are the biggest factor in Volga's cost of living. The median monthly rent is $1,048 (21% below the US median of $1,319), and the median home value sits at $220,200 (28% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Volga is $75,417, which is 0% higher than the national median of $75,149. Residents spend roughly 17% 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.