Cost of Living in Lake City, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
81.2
100 = national avg
-18.8 vs national average
Living Wage (1 Adult)
$35,714
per year
Living Wage (Family of 4)
$84,414
per year
Cost Index by Category
Housing85.7
Food83.4
Transportation74.9
Healthcare86.8
Utilities87.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$708
per month
2 Bedroom
$929
per month
The overall cost of living index in Lake City is 81.2, which is 18.8% below the national average. Housing costs are below the national average at an index of 85.7. A single adult needs to earn approximately $35,714 per year to cover basic expenses.