Cost of Living in Spencer, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
79.8
100 = national avg
-20.2 vs national average
Living Wage (1 Adult)
$35,108
per year
Living Wage (Family of 4)
$82,982
per year
Cost Index by Category
Housing59.2
Food94.3
Transportation88.5
Healthcare95.4
Utilities88.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$986
per month
2 Bedroom
$1,156
per month
The overall cost of living index in Spencer is 79.8, which is 20.2% below the national average. Housing costs are below the national average at an index of 59.2. A single adult needs to earn approximately $35,108 per year to cover basic expenses.