Cost of Living & Housing in Murdo
Murdo's cost of living combines South Dakota's statewide no-income-tax and comparatively low sales-tax advantages with genuinely affordable, if cross-source-inconsistent, county-wide housing figures.
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Learn moreA real, disclosed housing-value spread
Jones County's own cited median home value ran a real, disclosed $75,000-$114,400 depending on source, and this record was not able to confirm a Murdo-city-specific figure distinct from the county-wide numbers this pass (base record).
A property tax rate close to the state average
Jones County's own cited median effective property tax rate (approximately 1.01%) runs close to, and modestly below, South Dakota's statewide average of approximately 1.06% -- a real, disclosed, roughly-in-line-with-statewide-norms figure (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
- Jones County's own cited median home value runs genuinely inconsistent across sources ($75,000-$114,400) -- confirm current figures directly.
- Jones County's property tax rate (~1.01%) sits close to South Dakota's statewide average, neither a notable advantage nor disadvantage.
- South Dakota levies no state income tax and a comparatively low combined sales tax, both applying to Murdo.
- No Murdo-specific homeowners-insurance figure was found this pass; South Dakota's statewide range runs approximately $2,792-$3,637/year.
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