Spearfish, SD Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 99, with 100 being the average.

  • The cost of living index in Spearfish is 1.0x lower than the national average.

  • Spearfish ranks as the #19 cheapest in South Dakota out of 19.

  • Spearfish ranks as the #3,027 cheapest out of 6,412 in the US.

  • The median home value in Spearfish is $237,100.

  • The median income in Spearfish is $52,258.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
99
Spearfish's Overall Cost Of Living
1.0x
Lower 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 99, which is 1.0x lower 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 93.

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:

19 out of 19
In South Dakota
3,027 out of 6,412
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 105.

  • The Groceries index in Spearfish is 99.

  • The Health index in Spearfish is 100.

  • The Housing index in Spearfish is 98.

  • The Transportation index in Spearfish is 84.

  • The Utilities index in Spearfish is 87.

Living Expense Spearfish South Dakota National Average
Overall 99 93 100
Services 105 93 100
Groceries 99 100 100
Health 100 95 100
Housing 98 90 100
Transportation 84 94 100
Utilities 87 89 100
For more reading on cost of living around South Dakota, check out:
Spearfish Cost of Living Vs. SD

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 2017-2021. The key points are:

  • The Median Home Value in Spearfish is $237,100.

  • The Median Rent in Spearfish is $864.

  • The Median Income in Spearfish is $52,258.

  • The Home Value To Income in Spearfish is 4.5x.

  • The Rent To Monthly Income in Spearfish is 0.2x.

Statistic Spearfish South Dakota United States
Median Home Value $237,100 $187,800 $244,900
Median Rent $864 $809 $1,163
Median Income $52,258 $63,920 $69,021
Home Value To Income 4.5x 2.9x 3.5x
Rent To Monthly Income 0.2x 0.15x 0.2x
Search Homes For Sale In Spearfish, SD
$237,100
Median Home Value
$864
Median Rent
$52,258
Median Income

Spearfish, SD Costs By Category

Detailed Spearfish Services Costs Vs. South Dakota

Item Spearfish South Dakota
Shampoo $0.93 $1.06
Movie $10.49 $10.68
Bowling $13.56 $14.67
Haircut $17.19 $18.62
Beauty Salon $35.16 $39.05

Detailed Spearfish Groceries Costs Vs. South Dakota

Item Spearfish South Dakota
Ground Beef $4.92 $4.22
Fried Chicken $1.06 $1.39
Milk $2.31 $2.05
Potatoes $3.93 $3.29
Pizza $10.82 $10.62
Beer $9.58 $9.38
Toothpaste $2.3 $2.34

Detailed Spearfish Health Costs Vs. South Dakota

Item Spearfish South Dakota
Optometrist $162.6 $108.57
Doctor $104.4 $116.17
Dentist $97.4 $99.13

Detailed Spearfish Transportation Costs Vs. South Dakota

Item Spearfish South Dakota
Gasoline $1.89 $2.22
Tire Balancing $43.18 $50.07

Detailed Spearfish Utilities Costs Vs. South Dakota

Item Spearfish South Dakota
All Electricity $133.84 $167.67
Phone $179.47 $175.64

Spearfish SnackAbility

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

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 88, 0.9x Spearfish.

  • Rapid Valley, SD has a cost of living index of 93, 0.9x Spearfish.

  • Sturgis, SD has a cost of living index of 87, 0.9x Spearfish.

City Population Cost Of Living Vs. Spearfish
Box Elder, SD 11,527 88 0.9x
Rapid Valley, SD 7,875 93 0.9x
Sturgis, SD 7,088 87 0.9x
Belle Fourche, SD 5,561 86 0.9x

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