Cost of Living in Pierre, SD

Population 14,008 · South Dakota · Data vintage 2023

72
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Pierre stay well under national norms: a median home value of $220,000 against median household incomes of $74,053 gives the city one of the more comfortable price-to-income ratios in South Dakota. The labor market has been unusually tight, with unemployment around 0.7% — below most comparable cities in the state.

Pierre lies roughly 190 miles west of the nearest major metro, Sioux Falls — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 19% lower than Sioux Falls' $271,000.

Cost Overview

Housing 72
Rent 71

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Pierre

The median home value in Pierre is $219,500 — 28% below the national median of $305,000. Median rent runs $936/month, 29% lower than the national median of $1,314/month. The median household income of $74,053/year is 1% lower than the US median of $74,580. The local unemployment rate is 0.7%, below the national average of 4.8%. South Dakota charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 58.9°F and lows of 35.2°F, with about 37.2" of annual snowfall. Overall, Pierre has a cost of living index of 72 versus the US average of 100, meaning it is 28% less expensive.

🏠 Housing

Median Home Value
$219,500
28% below avg
Zillow Home Value
$291,507
Zillow ZHVI
Median Rent
$936/mo
29% below avg
Price-to-Rent Ratio
19.5x
Favors buying
Property Tax Rate
1.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$598
1 BR
$702
2 BR
$872
3 BR
$1,213
4 BR
$1,391
Owner-occupied 72.0%
Renter-occupied 28.0%

💰 Estimated Monthly Budget

Rent median rent
$936
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,550/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
13.7 min
49% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.6%

Commute Mode

Drove alone
79.3%
Carpooled
10.5%
Public transit
1.2%
Walked
3.7%
Bicycle
0.2%
Work from home
4.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 6.1%
State rate 4.2%
Avg local rate 1.9%
Property Tax 1.2%

💼 Income & Employment

Median Household Income
$74,053
1% below avg
Per Capita Income
$38,931
Unemployment Rate
0.7%
85% below avg
Poverty Rate
10.3%
Labor Force Participation
63.7%

🎓 Education

Bachelor's degree+ 23.7%
Graduate degree 11.1%

👥 Demographics

Median Age 39.9
Male median age 39.2
Female median age 40.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
58.9°F
Avg Low
35.2°F
Annual Precip
20.2"
Annual Snowfall
37.2"
23° 45° 68° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 293446597080888778614532
Low °F 91323334556625950362313
Precip" 0.450.740.961.933.253.692.391.951.741.690.770.64
Snow" 5.18.05.05.30.00.00.00.00.01.36.36.2

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 14 — Good
89.4%
Good air days/yr
223
Max AQI recorded
359
PM2.5 days
0
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

90%
4-Year Graduation Rate
14.2:1
Student-teacher ratio
6
Public schools
2,946
Total enrollment

Frequently Asked Questions

What is the cost of living in Pierre, SD?

Pierre has a cost index of 72 (100 = national average). It is 28% below the national average.

What is average rent in Pierre, SD?

The median gross rent in Pierre is $936 per month based on 2023 Census data.

What is the average home price in Pierre?

The median home value in Pierre is $219,500 according to Zillow and Census data.

What is the median income in Pierre?

The median household income in Pierre is $74,053 per year (2023 ACS 5-year estimates).

What is the sales tax in Pierre, SD?

The combined state and local sales tax rate in Pierre is 6.1%. South Dakota has no state income tax.

Is Pierre, SD affordable?

Yes, Pierre is generally considered affordable, with a cost of living index of 72 — about 28% below the US national average of 100.

What is the weather like in Pierre?

Pierre has average high temperatures of 58.9°F and average lows of 35.2°F. Annual precipitation is 20.2". Average annual snowfall is 37.2". Data from NOAA 1991–2020 Climate Normals.

Pierre at a Glance

Population
14,008
Median Income
$74,053
Home Value
$219,500
Median Rent
$936/mo
Unemployment
0.7%
Avg High Temp
58.9°F
Sales Tax
6.1%
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