Cost of Living in Vermillion
Vermillion's cost of living runs genuinely, meaningfully below the national average, a real, disclosed defining feature of its small college-town identity.
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Learn moreA below-national cost-of-living index
Vermillion's cost-of-living index was cited at 86.2, against a national average of 100.
Affordable housing anchors the picture
Vermillion's average home value (~$238,300) runs well below the ~$408,776 national median, the single largest driver of its favorable cost-of-living index.
No state income tax stretches take-home pay
South Dakota's real, statewide absence of an individual income tax applies fully to Vermillion residents.
Key takeaways
- Vermillion's cost-of-living index runs meaningfully below the national average (86.2 vs. 100).
- Housing is the dominant driver of the favorable cost-of-living picture.
- No state income tax applies statewide.
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