Key Economic Benchmarks
Median Household Income
$66,208$5,517 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Davison County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Davison County, SD
Official FY2026 HUD Fair Market Rents for Davison 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 | $645 | $7,740 | $25,800 | 11.7% |
| 1-Bedroom Apartment | $713 | $8,556 | $28,520 | 12.9% |
| 2-Bedroom ApartmentBenchmark | $936 | $11,232 | $37,440 | 17% |
| 3-Bedroom Home | $1,302 | $15,624 | $52,080 | 23.6% |
| 4-Bedroom Home | $1,570 | $18,840 | $62,800 | 28.5% |
50/30/20 Living Budget in Davison County, SD
Based on the local median household income of $66,208/year ($5,517/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 Davison County, SD
What is the median household income in Davison County, SD?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Davison County, SD is $66,208 per year (approximately $5,517 per month).
What is the average rent in Davison County, SD?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Davison County, SD are $645 for a studio, $713 for 1 bedroom, $936 for 2 bedrooms, $1,302 for 3 bedrooms, and $1,570 for 4 bedrooms.
How does the cost of living in Davison County, SD compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Davison 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 Davison County, SD?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($936/month) in Davison County, SD requires a minimum gross household income of $37,440 per year ($3,120 per month).
What is a balanced 50/30/20 monthly budget in Davison County, SD?
For a typical household earning the median income of $66,208/year ($5,517/month) in Davison County, SD, a balanced 50/30/20 budget allocates $2,759/month to essential needs (rent, utilities, groceries), $1,655/month to discretionary spending, and $1,103/month to savings and debt repayment.
What are typical electricity and utility costs in Davison 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.