Hot Springs, SD, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Hot Springs stands at 88, which is 12% below the average cost of living index of 100. This makes housing, utilities, and transportation significantly more affordable compared to the national average.
Job seekers will find that groceries, healthcare, and miscellaneous expenses in Hot Springs are also slightly below the national average, though not as dramatically. This combination of lower costs across various categories makes Hot Springs an attractive option for those looking to reduce their living expenses.
Hot Springs, SD, offers a cost of living that is notably lower than the nationwide average. The housing index in Hot Springs stands at 80, which is 20% below the national average of 100. This means that housing costs in Hot Springs are more affordable, making it easier for residents to manage their budgets. Additionally, groceries in Hot Springs are priced at 95, which is 5% below the national average. This slight decrease in grocery prices can help families save on their monthly food expenses.
Utilities in Hot Springs are priced at 90, which is 10% below the national average. This reduction in utility costs can lead to significant savings over time. Transportation costs are also lower, with an index of 85, which is 15% below the national average. This makes commuting and other transportation needs more budget-friendly. Healthcare costs in Hot Springs are at 92, which is 8% below the national average, offering some relief in medical expenses. Miscellaneous costs, including entertainment and personal care, are at 88, which is 12% below the national average. Overall, Hot Springs provides a cost of living that is beneficial for those looking to save on various expenses.
