Spearfish, SD Cost Of Living

The latest cost of living statistics for Spearfish. Includes statistics on rent, mortgages, healthcare, and other costs for Spearfish compared to the state and national averages.

Cost of living in Spearfish, South Dakota

Cost of living in Spearfish research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Spearfish is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in South Dakota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

104 Cost of living index 1.0x higher vs US
#19 Cheapest in South Dakota (of 19)
#2,973 Cheapest in the U.S. (of 6,489)
$456,936 Median home value
$963 Median rent
$65,688 Median income
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What is the cost of living in Spearfish, SD?

According to the most recent data on the cost of living, Spearfish has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.

Compared to South Dakota, Spearfish has a cost of living index that's 1.1x higher than South Dakota's index of 91.

The standard of living in Spearfish ranks as #19 most affordable out of the 19 places we measured in South Dakota. By definition, that implies Spearfish ranks as the #0 most expensive place in the Mount Rushmore State.

For more reading on life in Spearfish, check out:

Spearfish Cost Of Living Vs. South Dakota

Six factors go into calculating the cost of living index in Spearfish. Here is how it fares on each of the criteria:

  • The Services index in Spearfish is 101.

  • The Groceries index in Spearfish is 100.

  • The Health index in Spearfish is 113.

  • The Housing index in Spearfish is 98.

  • The Transportation index in Spearfish is 104.

  • The Utilities index in Spearfish is 94.

Living Expense Spearfish South Dakota National Average
Overall 104 91 100
Services 101 98 100
Groceries 100 97 100
Health 113 77 100
Housing 98 98 100
Transportation 104 102 100
Utilities 94 93 100

Spearfish Cost Of Living Compared To South Dakota Averages

Services
Spearfish 101
South Dakota avg 98
Groceries
Spearfish 100
South Dakota avg 97
Health
Spearfish 113
South Dakota avg 77
Housing
Spearfish 98
South Dakota avg 98
Transportation
Spearfish 104
South Dakota avg 102
Utilities
Spearfish 94
South Dakota avg 93

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around South Dakota, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Spearfish, SD Housing Cost Breakdown

$456,936Median Home Value
$963Median Rent
$65,688Median Income

Housing swings affordability the most between places in South Dakota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:

  • The Median Home Value in Spearfish is $456,936.

  • The Median Rent in Spearfish is $963.

  • The Median Income in Spearfish is $65,688.

  • The Home Value To Income in Spearfish is 7.0x.

  • The Rent To Monthly Income in Spearfish is 0.18x.

Statistic Spearfish South Dakota United States
Median Home Value $456,936 $317,148 $332,700
Median Rent $963 $946 $1,413
Median Income $65,688 $75,081 $80,734
Home Value To Income 7.0x 4.2x 4.1x
Rent To Monthly Income 0.18x 0.15x 0.21x

Spearfish, SD Costs By Category

Detailed Spearfish Services costs vs. South Dakota
Item Spearfish South Dakota
Shampoo $1.22 $1.28
Movie $11.69 $12.13
Bowling $19.55 $18
Haircut $28.63 $24.26
Beauty Salon $42.85 $45.56
Detailed Spearfish Groceries costs vs. South Dakota
Item Spearfish South Dakota
Ground Beef $6.37 $5.84
Fried Chicken $1.32 $1.57
Milk $4.71 $4.67
Potatoes $4.42 $4.93
Pizza $11.6 $12.09
Beer $9.34 $10.41
Toothpaste $3.46 $3.7
Detailed Spearfish Health costs vs. South Dakota
Item Spearfish South Dakota
Optometrist $135.93 $125.68
Doctor $154.12 $135.78
Dentist $109.45 $113.29
Detailed Spearfish Transportation costs vs. South Dakota
Item Spearfish South Dakota
Gasoline $3.65 $3.46
Tire Balancing $58.31 $59.92
Detailed Spearfish Utilities costs vs. South Dakota
Item Spearfish South Dakota
All Electricity $158.39 $193.99
Phone $194.38 $192.25

Spearfish SnackAbility

8Overall SnackAbility
Jobs 8/10
Housing 8/10
Affordability 6/10
Diversity 5/10
Safety 5/10
Amenities 7/10
Education 9/10
Commute 9.5/10

Cost Of Living In Cities Around Spearfish

The cost of living varies in the cities and towns around Spearfish. Here's a quick look at the cost of living in the most populous nearby places:

  • Box Elder, SD has a cost of living index of 100, 1.0x Spearfish.

  • Sturgis, SD has a cost of living index of 95, 0.9x Spearfish.

  • Rapid Valley, SD has a cost of living index of 96, 0.9x Spearfish.

City Population Cost Of Living Vs. Spearfish
Box Elder, SD 12,902 100 1.0x
Sturgis, SD 7,086 95 0.9x
Rapid Valley, SD 6,975 96 0.9x
Belle Fourche, SD 5,804 89 0.9x