Spearfish, SD Cost Of Living
Cost Of Living In Spearfish, SD Summary
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:
The cost of living index in Spearfish is 102, with 100 being the average.
The cost of living index in Spearfish is 1.0x higher than the national average.
Spearfish ranks as the #18 cheapest in South Dakota out of 19.
Spearfish ranks as the #2,846 cheapest out of 6,489 in the US.
The median home value in Spearfish is $457,534.
The median income in Spearfish is $59,731.
Table Of Contents
Spearfish's Overall Cost Of Living
Higher Than The National Average
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 102, which is 1.0x higher than the national index of 100.
Compared to South Dakota, Spearfish has a cost of living index that's 1.2x higher than South Dakota's index of 88.
The standard of living in Spearfish ranks as #18 most affordable out of the 19 places we measured in South Dakota. By definition, that implies Spearfish ranks as the #1 most expensive place in the Mount Rushmore State.
For more reading on life in Spearfish, check out:
In South Dakota
In America
Spearfish Cost Of Living Vs. South Dakota
Six factors go into calculating the cost of living index in Spearfish. Here is how it fairs on each of the criteria:
The Services index in Spearfish is 99.
The Groceries index in Spearfish is 99.
The Health index in Spearfish is 101.
The Housing index in Spearfish is 109.
The Transportation index in Spearfish is 104.
The Utilities index in Spearfish is 88.
| Living Expense | Spearfish | South Dakota | National Average | |
|---|---|---|---|---|
| Overall | 102 | 88 | 100 | |
| Services | 99 | 95 | 100 | |
| Groceries | 99 | 98 | 100 | |
| Health | 101 | 100 | 100 | |
| Housing | 109 | 78 | 100 | |
| Transportation | 104 | 95 | 100 | |
| Utilities | 88 | 89 | 100 | |
Spearfish, SD Housing Cost Breakdown
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 2019-2023. The key points are:
The Median Home Value in Spearfish is $457,534.
The Median Rent in Spearfish is $941.
The Median Income in Spearfish is $59,731.
The Home Value To Income in Spearfish is 7.7x.
The Rent To Monthly Income in Spearfish is 0.19x.
| Statistic | Spearfish | South Dakota | United States |
|---|---|---|---|
| Median Home Value | $457,534 | $315,406 | $303,400 |
| Median Rent | $941 | $912 | $1,348 |
| Median Income | $59,731 | $72,421 | $78,538 |
| Home Value To Income | 7.7x | 4.4x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.15x | 0.21x |
Median Home Value
Median Rent
Median Income
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
/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.
Rapid Valley, SD has a cost of living index of 95, 0.9x Spearfish.
Sturgis, SD has a cost of living index of 91, 0.9x Spearfish.
| City | Population | Cost Of Living | Vs. Spearfish |
|---|---|---|---|
| Box Elder, SD | 12,457 | 100 | 1.0x |
| Rapid Valley, SD | 7,153 | 95 | 0.9x |
| Sturgis, SD | 7,111 | 91 | 0.9x |
| Belle Fourche, SD | 5,741 | 91 | 0.9x |
