SD · Rank 40 of 50 affordable
Can teachers afford to live in South Dakota?
Tight, but workable.
The average South Dakota teacher earns $58,486 per year. A typical 2-bedroom rents for about $1,562/mo, which is 32% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$58,486
Cost-of-Living Index
91.9
US avg = 100
Affordability Score
43/100
Renting in South Dakota
2BR Rent / mo
$1,562
Annual Rent
$18,748
% of Salary
32%
Left after rent
$3,312/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in South Dakota
Median Home Price
$385,980
10% Down
$38,598
P&I (7%, 30yr)
$2,311/mo
Full PITI
$2,778/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.