Cost of Living in Hot Springs, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.4
100 = national avg
-13.6 vs national average
Living Wage (1 Adult)
$38,011
per year
Living Wage (Family of 4)
$89,843
per year
Cost Index by Category
Housing92.1
Food88.0
Transportation76.0
Healthcare90.4
Utilities91.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$878
per month
2 Bedroom
$1,152
per month
The overall cost of living index in Hot Springs is 86.4, which is 13.6% below the national average. Housing costs are below the national average at an index of 92.1. A single adult needs to earn approximately $38,011 per year to cover basic expenses.