Hot Springs, SD, offers a cost of living that is generally lower than the nationwide average. The cost of living index for Hot Springs stands at 90, which is 10% below the national average of 100. This means residents can expect to pay less for housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses compared to the average American.
Specifically, housing costs in Hot Springs are 15% lower than the national average, while groceries are only 8% below the average. Utilities and transportation costs are slightly above average, at 2% and 10% higher, respectively. Healthcare and miscellaneous expenses are also slightly below average, at 5% and 12% lower, respectively. This balance makes Hot Springs an attractive option for those seeking a more affordable lifestyle.
Hot Springs, SD, offers a cost of living that is notably lower than the nationwide average. The housing index stands at 85, which is 15% below the national average of 100. This means that housing costs in Hot Springs are more affordable, making it easier for residents to find suitable living arrangements without straining their budgets.
Additionally, the cost of groceries in Hot Springs is slightly above the national average, with an index of 92. This represents a 2% increase, indicating that while groceries are slightly more expensive, they are still relatively affordable. Utilities in Hot Springs are close to the national average, with an index of 98, showing a minimal 2% increase. The transportation index is 90, which is 10% below the average, making it cheaper to get around the city. Healthcare costs are at 95, just 5% above the average, and miscellaneous expenses are at 88, which is 12% below the average. Overall, Hot Springs provides a cost-effective living environment compared to the national average.
