Cost of Living & Housing in Faith
Faith's cost of living combines South Dakota's statewide no-income-tax and comparatively low sales-tax advantages with genuinely affordable, if inconsistently cited, housing and a real, disclosed local exception on the property-tax side.
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Learn moreA real, disclosed housing-value spread, all below the national median
Three separate Faith-specific 2024 citations ran $151,000 (Data USA, up 21.4% YoY), $169,890 (City-Data), and $162,500 (Zip-Codes.com) -- a real, disclosed spread, though all three sit well below the roughly $332,700 national median cited by Data USA (base record).
The highest property tax rate in Meade County
Faith's own 1.48% effective property tax rate (Ownwell) is the single highest of any community in Meade County -- above South Dakota's own already-modestly-above-national statewide average of approximately 1.06% (base record).
No state income tax, a real and current advantage
South Dakota levies no state individual income tax at all -- one of only 9 US states in this category -- and correspondingly no state tax on Social Security, pensions, or retirement-account withdrawals (base record).
A comparatively low combined sales tax
South Dakota's 4.2% state sales tax rate (scheduled to rise to 4.5% in July 2027) combines with local add-ons to a real, disclosed statewide average of approximately 5.99%, genuinely below the roughly 7% national combined-rate average (base record).
Key takeaways
- Faith's own housing-value citations run genuinely inconsistent ($151,000-$169,890) but are all well below the national median.
- Faith's own 1.48% effective property tax rate is the single highest in Meade County -- confirm current figures directly.
- South Dakota levies no state income tax and a comparatively low combined sales tax, both applying to Faith.
- No Faith-specific homeowners-insurance figure was found this pass; South Dakota's statewide range runs approximately $2,792-$3,637/year.
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