Affordable

What Salary Do You Need to Live in De Smet?

To afford a 2-bedroom in De Smet, you need to earn at least $35,120/year based on estimated fair market rent data. The median household income here is $57,656, which means the typical resident is $22,536 above the threshold.

Census ACS Data Pop. 990

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$615	$2,050	$24,600	$-33,056
1 Bedroom	$729	$2,430	$29,160	$-28,496
2 Bedroom BENCHMARK	$878	$2,927	$35,120	$-22,536
3 Bedroom	$1,071	$3,570	$42,840	$-14,816
4 Bedroom	$1,317	$4,390	$52,680	$-4,976

Affordability Breakdown

Where the required salary line crosses above De Smet's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$57,656

Annual household

2BR Required Salary

$35,120

Under 30% rule

Income Gap

+$22,536

Surplus

Verdict

Affordable

Ratio: 18.3%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in De Smet

Your Annual Salary

Pre-filled with De Smet's median household income

Max monthly rent you can afford$1,441

Studio

$615/mo

1 BR

$729/mo

2 BR

$878/mo

3 BR

$1,071/mo

4 BR

$1,317/mo

Your salary is $0 above the median income in De Smet.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for De Smet's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to De Smet

De Smet, South Dakota stands out as one of the more financially accessible housing markets in the state. The median household income of $57,656 significantly exceeds the $35,120 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $22,536 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating De Smet, a studio at $615/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,071/month remains accessible for dual-income households earning above $42,840.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $52,680 would position you well — though many residents in De Smet manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in De Smet, South Dakota.

With a total population of 990, the city supports an active civilian workforce of 513 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $35,120 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

513

Active civilian employees in De Smet

Frequently Asked Questions About Renting in De Smet

What salary do I need to live in De Smet, South Dakota?

To afford a 2-bedroom in De Smet under the 30% rule, you need an annual salary of at least $35,120. The median household income in De Smet is $57,656.

Can I afford a 2-bedroom in De Smet on $57,656?

The affordability verdict for De Smet is "Affordable". The rent-to-income ratio is 18.3%, meaning median earners have a $22,536 surplus.

What is the average rent in De Smet compared to median income?

The median gross rent in De Smet is $729/month. With a median household income of $57,656, residents spend approximately 18.3% of their income on rent.

What salary do I need for a studio in De Smet?

A studio in De Smet rents for approximately $615/month. Under the 30% rule, you need an annual salary of $24,600 to afford this.

Is De Smet considered an affordable place to live?

Based on the surplus of $22,536 and an affordability verdict of "Affordable", De Smet is considered a affordable rental market when comparing the required 2-bedroom salary of $35,120 to the local median household income.

How De Smet Compares

Other cities in South Dakota with salary requirements