Cost of Living in Philip, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
70.4
100 = national avg
-29.6 vs national average
Living Wage (1 Adult)
$30,987
per year
Living Wage (Family of 4)
$73,242
per year
Cost Index by Category
Housing68.9
Food83.4
Transportation44.6
Healthcare86.8
Utilities83.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$722
per month
2 Bedroom
$948
per month
The overall cost of living index in Philip is 70.4, which is 29.6% below the national average. Housing costs are below the national average at an index of 68.9. A single adult needs to earn approximately $30,987 per year to cover basic expenses.