Cost of Living in Elk Point, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
113.9
100 = national avg
+13.9 vs national average
Living Wage (1 Adult)
$50,106
per year
Living Wage (Family of 4)
$118,431
per year
Cost Index by Category
Housing104.7
Food113.6
Transportation127.3
Healthcare110.9
Utilities109.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$925
per month
2 Bedroom
$1,154
per month
The overall cost of living index in Elk Point is 113.9, which is 13.9% above the national average. Housing costs are above the national average at an index of 104.7. A single adult needs to earn approximately $50,106 per year to cover basic expenses.