salaryRent is lower than in 70% of U.S. cities. A typical house costs about 4.9 years of household income. Commutes are short, about 16.3 minutes.
How much money do I need?
To rent here comfortably, you should earn about $51,640 a year. That is $25 an hour at a full-time job.
Is rent cheaper than other South Dakota cities?
No. Rent here is more expensive than in most of South Dakota. It is number 11 of 19 cities from cheapest to most expensive.
How much do households earn in Spearfish?
Share of households by yearly income. 20.9% of households earn $100,000 or more.
Rent by apartment size in Spearfish
| Size | Spearfish | U.S. average |
|---|---|---|
| Studio | $847 | $1,338 |
| 1 bedroom | $727 | $1,324 |
| 2 bedrooms | $1,191 | $1,509 |
| 3 bedrooms | $1,594 | $1,698 |
| 4 bedrooms | $2,319 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Spearfish overall?
Everyday prices in South Dakota overall are 11% below the U.S. average (index 88.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Spearfish, so the South Dakota figure is shown.
Taxes and bills in Spearfish
Life in Spearfish
Is it cheaper to rent or buy in Spearfish?
Renting is cheaper right now: about $1,111 a month less.
Owning assumes a typical $346,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $34,620 for the down payment.
Frequently asked questions
What is the average rent in Spearfish, SD?
Renting in Spearfish costs a median of about $1,291 a month in 2026, including utilities. The South Dakota median is $1,271.
How much do I need to make to live in Spearfish?
To keep rent under 30% of income, you need about $51,640 a year, or $25 an hour at a full-time job.
Is Spearfish cheap or expensive?
Spearfish is rated OK: rent takes 21.9% of the typical household income of $70,845. It ranks 11th cheapest of 19 South Dakota cities we track.
How much are property taxes in Spearfish?
The median homeowner in Spearfish pays $3,183 a year in property taxes, about 0.92% of the median home value.
Is Spearfish more expensive than the national average?
Overall prices in South Dakota are 11% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Spearfish?
The median home value in Spearfish is $346,200, about 4.9 times the typical yearly household income.
12,930 people live in Spearfish. Numbers are typical (middle) values.