Hot Springs, SD, offers a cost of living that is generally lower than the nationwide average. Specifically, the cost of living index in Hot Springs stands at 92, which is 2% below the national average of 100. This favorable comparison makes housing, utilities, and transportation more affordable for residents and job seekers alike.
A closer look at the categories reveals that while groceries and miscellaneous items are slightly below the national average at 95 and 92, respectively, housing stands at 85, offering significant savings. This balanced index highlights Hot Springs as a cost-effective choice for those considering relocation or job opportunities in the area.
Hot Springs, SD, offers a cost of living that is generally lower than the nationwide average. For instance, housing costs in Hot Springs are 15% lower than the national average, making it a more affordable option for those considering this city. Lower housing costs can help individuals allocate more resources to other important expenses.
In addition to housing, the grocery costs in Hot Springs stand at 95% of the national average, indicating only a minor difference. Utilities and transportation costs are also close to the national average, with utilities at 90% and transportation at 90% of the nationwide figures. Healthcare costs match the national average at 100%, ensuring that residents have access to the same level of care as elsewhere. Miscellaneous costs in Hot Springs are slightly below the average at 92%, providing a small additional advantage in overall living expenses. These figures make Hot Springs an attractive choice for job seekers looking to balance cost with quality of life.
