Cost of Living in Lake Andes, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
71.9
100 = national avg
-28.1 vs national average
Living Wage (1 Adult)
$31,637
per year
Living Wage (Family of 4)
$74,778
per year
Cost Index by Category
Housing60.3
Food84.9
Transportation69.9
Healthcare88.0
Utilities83.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$807
per month
2 Bedroom
$929
per month
The overall cost of living index in Lake Andes is 71.9, which is 28.1% below the national average. Housing costs are below the national average at an index of 60.3. A single adult needs to earn approximately $31,637 per year to cover basic expenses.