How many households in South Dakota spend too much on housing?
Data updated July 26, 2024
About 86K in 2022. That’s 24.2% of all South Dakota households. These households spent at least 30% of their total income on rent or mortgage payments and utilities. The Department of Housing and Urban Development considers households that spend more than 30% of their income on housing to be cost-burdened. Cost-burdened households may have less money for other necessities such as food, healthcare, or savings.
Showing data for
In 2022,
86.2K
households were cost burdened
In 2022,
24.2%
of households were cost burdened
The number of cost-burdened households in South Dakota increased from 76.9 thousand in 2012 to 86.2 thousand in 2022. Cost burden considers both household income and housing costs, so factors affecting either of these can influence the number of burdened households. For example:
- Changes in wages, employment status, or the number of people in a household can impact household income.
- Changes in housing supply/demand or interest rates can affect costs.
A growing or declining US population can also affect the number of cost-burdened households. To counteract this, USAFacts analyzed the percentages of cost-burdened households rather than just the number. This prevents such population changes from skewing the data.
In 2022, 24.2% of South Dakota households were cost burdened, lower than the national average of 32.5%.
In South Dakota, 24.2% of households were cost burdened in 2022.
Share of households that spent at least 30% of their income on housing
Cost burden varies for renters and homeowners. For example, during the Great Recession (2007–2009) unemployment rose, millions of homes entered foreclosure, and rental demand increased. By 2010, cost burden had increased among renters while staying flat among homeowner households.
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Since 2012, the proportion of cost-burdened owner households in South Dakota changed from 17.5% to 18.1% in 2022. Meanwhile, cost burden changed from 40.8% to 39.4% among renter households.
In South Dakota, 39.4% of renter and 18.1% of owner households were cost burdened in 2022.
Share of households that spent at least 30% of their income on housing
The metro areas with the highest and lowest share of cost-burdened owner households were the Los Angeles-Long Beach-Anaheim, California metro area at 33.8% (highest) and Morgantown, West Virginia, at 12.8% (lowest). In South Dakota, the highest and lowest were the Rapid City area at 22.5% and the Sioux Falls area at 15.7%.
Across metro areas, 22.7% of owner households were cost burdened.
Share of owner households that spent at least 30% of their income on housing, 2018–2022
In 2018–2022, the share of renter households in metro areas that were cost burdened, meaning they spent more than 30% of their income on housing, was 50.5%. The metro areas in the US with the highest and lowest share of cost-burdened renter households were the Greater Miami metro area at 62.6% (highest) and Appleton, Wisconsin, at 32.8% (lowest). In South Dakota, the highest and lowest were the Rapid City area at 45.8% and the Sioux Falls area at 38.5%.
Across metro areas, 50.5% of renter households were cost burdened.
Share of renter households that spent at least 30% of their income on housing, 2018–2022
The difference between the cost-burdened share of owner and renter households was narrowest in Sioux Falls, South Dakota, where cost burden was 22.8 percentage points higher among renters than owners, and highest in Rapid City, South Dakota where the gap was 23.3 percentage points. Within the state overall, the gap was 21.3 percentage points.
Cost-burdened households, South Dakota metro areas (2018-2022)
| 1. | Rapid City, SD area | 45.8% |
| 2. | Sioux Falls, SD area | 38.5% |
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
United States Census Bureau
American Community Survey (ACS) and American Community Survey (ACS)
