Cost of Living in Tea
Tea's cost of living runs a real, modest housing premium over South Dakota's own statewide average, offset by the state's favorable tax structure.
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Learn moreA modest housing premium
Tea's median home price (~$338,000) runs modestly above South Dakota's own statewide average (~$319,894).
No state income tax
South Dakota levies no state individual income tax whatsoever, a real, substantial, statewide advantage.
Property taxes run modestly elevated
Lincoln County's effective property tax rate (~1.15%) runs a modest step above both national and South Dakota averages.
Key takeaways
- Tea's housing costs run modestly above the South Dakota statewide average.
- South Dakota's lack of income tax is a real, substantial statewide advantage.
- Property taxes run modestly elevated relative to both national and state averages.
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