salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs about 4.0 years of household income. Commutes are short, about 16.9 minutes. Most households rent (58%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $34,320 a year. That is $17 an hour at a full-time job.
Is rent cheaper than other South Dakota cities?
Yes. Rent here is cheaper than in most of South Dakota. It is number 1 of 19 cities from cheapest to most expensive.
How much do households earn in Vermillion?
Share of households by yearly income. 14.6% of households earn $100,000 or more.
Rent by apartment size in Vermillion
| Size | Vermillion | U.S. average |
|---|---|---|
| Studio | $483 | $1,338 |
| 1 bedroom | $781 | $1,324 |
| 2 bedrooms | $898 | $1,509 |
| 3 bedrooms | $1,197 | $1,698 |
| 4 bedrooms | $1,422 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Vermillion 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 Vermillion, so the South Dakota figure is shown.
Taxes and bills in Vermillion
Life in Vermillion
Is it cheaper to rent or buy in Vermillion?
Renting is cheaper right now: about $662 a month less.
Owning assumes a typical $219,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,900 for the down payment.
Frequently asked questions
What is the average rent in Vermillion, SD?
Renting in Vermillion costs a median of about $858 a month in 2026, including utilities. The South Dakota median is $1,271.
How much do I need to make to live in Vermillion?
To keep rent under 30% of income, you need about $34,320 a year, or $17 an hour at a full-time job.
Is Vermillion cheap or expensive?
Vermillion is rated Cheap: rent takes 18.9% of the typical household income of $54,417. It ranks 1st cheapest of 19 South Dakota cities we track.
How much are property taxes in Vermillion?
The median homeowner in Vermillion pays $3,214 a year in property taxes, about 1.47% of the median home value.
Is Vermillion 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 Vermillion?
The median home value in Vermillion is $219,000, about 4.0 times the typical yearly household income.
11,878 people live in Vermillion. Numbers are typical (middle) values.