Key Economic Benchmarks
Median Household Income
$53,750$4,479 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Bennett County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Bennett County, SD
Official FY2026 HUD Fair Market Rents for Bennett County, SD. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $815 | $9,780 | $32,600 | 18.2% |
| 1-Bedroom Apartment | $901 | $10,812 | $36,040 | 20.1% |
| 2-Bedroom ApartmentBenchmark | $1,182 | $14,184 | $47,280 | 26.4% |
| 3-Bedroom Home | $1,417 | $17,004 | $56,680 | 31.6% |
| 4-Bedroom Home | $1,830 | $21,960 | $73,200 | 40.9% |
50/30/20 Living Budget in Bennett County, SD
Based on the local median household income of $53,750/year ($4,479/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in South Dakota
Explore net income after federal income tax, FICA, and South Dakota state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across South Dakota with official federal datasets:
Frequently Asked Questions About Living in Bennett County, SD
What is the median household income in Bennett County, SD?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Bennett County, SD is $53,750 per year (approximately $4,479 per month).
What is the average rent in Bennett County, SD?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Bennett County, SD are $815 for a studio, $901 for 1 bedroom, $1,182 for 2 bedrooms, $1,417 for 3 bedrooms, and $1,830 for 4 bedrooms.
How does the cost of living in Bennett County, SD compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Bennett County, SD is 88.6 (11.4% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Bennett County, SD?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,182/month) in Bennett County, SD requires a minimum gross household income of $47,280 per year ($3,940 per month).
What is a balanced 50/30/20 monthly budget in Bennett County, SD?
For a typical household earning the median income of $53,750/year ($4,479/month) in Bennett County, SD, a balanced 50/30/20 budget allocates $2,240/month to essential needs (rent, utilities, groceries), $1,344/month to discretionary spending, and $896/month to savings and debt repayment.
What are typical electricity and utility costs in Bennett County, SD?
Residential electricity rates in South Dakota average 15.4¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $138 per month.