Cost of Living in Lake Preston, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.2
100 = national avg
-15.8 vs national average
Living Wage (1 Adult)
$37,039
per year
Living Wage (Family of 4)
$87,546
per year
Cost Index by Category
Housing65.5
Food96.6
Transportation93.1
Healthcare97.2
Utilities91.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$725
per month
2 Bedroom
$951
per month
The overall cost of living index in Lake Preston is 84.2, which is 15.8% below the national average. Housing costs are below the national average at an index of 65.5. A single adult needs to earn approximately $37,039 per year to cover basic expenses.