Cost of Living in Elkton, SD

Cost indexes, living wages, and fair market rents — 2024 Data

Cost of Living Overview

Overall Index

93.2

100 = national avg

-6.8 vs national average

Living Wage (1 Adult)

$41,011

per year

Living Wage (Family of 4)

$96,935

per year

Cost Index by Category

Housing
93.9
Food
94.9
Transportation
89.8
Healthcare
95.9
Utilities
95.7

100 = national average. Higher = more expensive.

Fair Market Rent

Source: HUD

1 Bedroom

$781

per month

2 Bedroom

$953

per month

The overall cost of living index in Elkton is 93.2, which is 6.8% below the national average. Housing costs are below the national average at an index of 93.9. A single adult needs to earn approximately $41,011 per year to cover basic expenses.