Cost of Living & Housing in Highmore
Highmore's cost of living centers on genuinely low home values relative to South Dakota's own statewide average, paired with a real, disclosed complication: Hyde County's own property tax rate carries a genuine cross-source spread this record does not resolve to one confident number.
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Learn moreA genuinely affordable home value relative to South Dakota statewide
Highmore's own median home/condo value ran approximately $170,790 (2024 estimate) -- far below South Dakota's own $319,894 statewide average home value (base record). No dedicated Ownwell trends page was found for a town this small, a real, disclosed data gap.
A Hyde County property tax rate that anchors below the national and state medians -- with a disclosed alternate figure
Hyde County's own effective property tax rate anchors at approximately 0.96% per propertytaxrates.org's county-ranking methodology -- modestly below both the national median (~1.02%) and South Dakota's own statewide anchor (1.06%). A separate, disclosed tax-rates.org-sourced figure implies a meaningfully higher rate (~1.49%), a genuine cross-source spread this record discloses rather than resolving silently (base record).
No state income tax, and a time-limited 4.2% state sales tax
South Dakota is one of only 9 US states with no state individual income tax at all, and therefore no state tax on Social Security, pensions, or retirement-account withdrawals. South Dakota's 4.2% state sales tax rate is itself time-limited, scheduled to rise to 4.5% on July 1, 2027, plus a real local-option add-on averaging approximately 1.786% (base record).
Confirm current income, rent, and employer data directly
Highmore's own 2023 median household income ran a notably high $99,500 -- a figure this record flags given the wide margin of error typical of small-town ACS estimates. A reliable, city-specific rent figure and a confirmed, current named-employer list were not found with confidence this pass -- confirm both directly with the Hyde County Chamber of Commerce (base record).
Key takeaways
- Highmore's median home value runs approximately $170,790 -- genuinely affordable relative to South Dakota's own $319,894 statewide average.
- Hyde County's own effective property tax rate anchors at approximately 0.96% (below national and state medians) on its best-sourced figure, though a real, disclosed alternate county figure runs meaningfully higher.
- South Dakota's lack of a state income tax and its time-limited 4.2% state sales tax rate apply in Highmore as they do statewide.
- Highmore's own $99,500 median household income figure is notably high for a town this size -- confirm current figures directly given small-sample ACS margins of error.
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