The cost of living index in Vermillion, South Dakota, is notably lower than the nationwide average of 100. Vermillion’s overall cost of living index stands at 90, indicating that residents generally pay 10% less than the national average. This makes Vermillion an attractive option for those seeking affordable living expenses without sacrificing quality of life.
Vermillion, South Dakota, stands out with its cost of living index being notably lower than the nationwide average of 100. Specifically, Vermillion's housing index sits at 90, meaning residents can expect to spend 10% less on housing compared to the national average. This lower housing cost can be a significant advantage for job seekers, allowing more disposable income for other necessities and savings.
When looking at other expenses, Vermillion's groceries index is at 95, indicating a 5% savings for local residents. Utilities and healthcare, both at 95, show similar savings. Transportation costs are slightly lower at 85, translating to a 15% reduction in transportation expenses. Miscellaneous costs, at 88, also present a modest 12% savings. Overall, Vermillion offers a lower cost of living across key areas, which can be a compelling factor for individuals considering job opportunities in the area.
