Cost of Living in Lennox

Lennox's cost of living runs genuinely favorable on housing and income taxes even as a real, disclosed property tax premium applies via the best available county-level proxy.

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Genuinely affordable housing, with a real, disclosed price spread

Every cited Lennox housing figure ($227,000-$344,900) runs below the ~$408,776 national median, though this record discloses a real, wide spread between Redfin's transacted sale price and higher current list prices (base record).

South Dakota's real, complete absence of a state income tax

South Dakota levies no state individual or corporate income tax whatsoever, applying in Lennox as it does statewide (base record).

A real, disclosed property tax premium via a county-level proxy

No Lennox-city-specific property tax rate was confirmed this pass; Lincoln County's own 1.68% median effective rate, applied as the best available proxy, runs well above both national (~1.02%) and South Dakota statewide (1.00%-1.09%) comparison figures (base record).

Genuine proximity to Sioux Falls's broader job market

Lennox's real, current bedroom-community role means many residents' income likely derives from the broader, higher-wage Sioux Falls metro economy rather than Lennox's own smaller local economy (base record).

Key takeaways

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Last reviewed: 2026-08-28. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.