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Cost of Living in Davison County

Is it better to rent or buy in Davison County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$64,295
$844/mo

Median in area: $844

$210,459

Median in area: $210,459

$42,092

If you Rent

🔑
$1,037 /mo
Base Rent$844
Est. Utilities$193
% of Income19.4%
Pre-tax Residual$4,321

If you Buy

🏠
$1,675 /mo
P&I (7.145%)$1,137
Taxes & Ins$345
Est. Utilities$193
% of Income31.3%
Pre-tax Residual$3,683

Compare Nearby Areas

See how Davison County stacks up against neighboring areas.

countyHutchinson County, SD
$704/mo
countyDouglas County, SD
$877/mo
countySanborn County, SD
$725/mo
countyHanson County, SD
$782/mo
countyAurora County, SD
$747/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Davison County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Davison County. The estimated all-in monthly cost for renting is $1,037, while owning a median-priced home with a 20% down payment is roughly $1,675 per month (a difference of $638).

How much do utilities cost in Davison County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Davison County is approximately $193. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Davison County?›

To comfortably afford the median rent and utilities in Davison County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $41,480 per year.