Cost of Living in Frankfort, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.1
100 = national avg
-26.9 vs national average
Living Wage (1 Adult)
$32,174
per year
Living Wage (Family of 4)
$76,047
per year
Cost Index by Category
Housing32.8
Food97.3
Transportation97.3
Healthcare97.8
Utilities84.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$777
per month
2 Bedroom
$929
per month
The overall cost of living index in Frankfort is 73.1, which is 26.9% below the national average. Housing costs are below the national average at an index of 32.8. A single adult needs to earn approximately $32,174 per year to cover basic expenses.