South Dakota (SD) · No state income tax · Property tax: 1.24% · Median home (ZHVI): $275,000
As of · Sources: Zillow ZHVI, Tax Foundation, Census ACS, Freddie Mac PMMS
Your debt-to-income (DTI) ratio in South Dakota is a critical metric for mortgage and loan qualification. Lenders typically require a front-end DTI below 28% (housing costs only) and a back-end DTI below 36–43% (all debts). South Dakota's lack of state income tax means your gross-to-net spread is smaller, giving you more actual spending power at any given DTI ratio. With a median home price of $275,000 and property taxes of 1.24%, housing costs in South Dakota can consume a significant portion of median household income. The cost of living index of 88.1 provides additional context for how much of your income goes to non-housing obligations that factor into back-end DTI.
Median income ÷ PITI determines borrowing headroom for the debt-to-income ratio calculator in South Dakota. Every row cites a primary public dataset. Numbers reflect the most recent vintage available; refresh cadence is documented in the methodology.
The Debt-to-Income Ratio Calculator runs a well-known formula (principal × rate, discounted cash flow, amortization, or equivalent) client-side and layers on South Dakota's tax and cost-of-living inputs. State-specific numbers — brackets, exemptions, and averages — come from public federal / state datasets cited in the sources section.
Same formula, different inputs. Each city name links to its own pSEO page where the calculator is pre-filled with local medians.
| City | Median home | Median rent | HUD FMR 2BR | Median income |
|---|---|---|---|---|
| Sioux Falls, SD | $336,938 | $1,315/mo | $1,200/mo | $81,418 |
| Rapid City, SD | $369,930 | $1,352/mo | $1,250/mo | $71,985 |
Sources: Zillow ZHVI + ZORI[1], HUD FMR[2], Census ACS[3], Freddie Mac PMMS[4].
Moving one state over changes the debt-to-income ratio numbers. Compare median home value (Zillow ZHVI), top marginal income tax rate, effective property tax rate, and the BEA all-items Regional Price Parity across South Dakota and its border states.
| State | Median home | Top inc tax | Prop tax rate | RPP (US=100) |
|---|---|---|---|---|
| South Dakota (this page) | $275,000 | None | 1.24% | 88.1 |
| check Iowa | $215,000 | 3.80% | 1.50% | 88.8 |
| compare to Minnesota | $335,000 | 9.85% | 1.12% | 98.3 |
| compare to Montana | $460,000 | 5.90% | 0.83% | 91.0 |
| Nebraska side-by-side | $265,000 | 5.20% | 1.73% | 90.3 |
Sources: Zillow ZHVI[1], state Departments of Revenue / Tax Foundation[2], Tax Foundation property taxes[3], BEA Regional Price Parities[4].
These calculators share inputs with the debt-to-income ratio formula, so pair them to pressure-test your answer from multiple angles.
| Metric | South Dakota | National Avg | IA | MN | MT |
|---|---|---|---|---|---|
| Median Home Price | $275,000 | $420,000 | $245,000 | $425,000 | $475,000 |
| Property Tax Rate | 1.24% | 1.07% | 1.57% | 1.12% | 0.84% |
| State Income Tax | None | 4.6%* | 5.7% | 9.85% | 6.84% |
| Avg Insurance Cost | $3,160/yr | $1,544/yr | $1,320/yr | $1,320/yr | $1,320/yr |
| Cost of Living Index | 88.1 | 100 | 87 | 105 | 104 |
| Household Income — p25 | $45,200 | $41,401 | $45,807 | $49,800 | $45,609 |
| Household Income — p50 (median) | $79,954 | $83,592 | $85,000 | $92,473 | $82,000 |
| Household Income — p75 | $130,002 | $153,000 | $135,696 | $158,112 | $142,396 |
*Average of states that levy an income tax. 2026 estimates. [3] Income percentiles from DQYDJ/Census CPS 2024[4].
Track take-home pay: no state income tax means only federal + FICA apply — one of the simpler payroll pictures in the U.S. in South Dakota.
Anchor savings goals to the South Dakota cost of living index (88.1). A national 20% savings rate needs adjustment up or down depending on local expense floors.
Use tax-advantaged accounts first: 401(k), HSA, IRA. Since South Dakota has no income tax, Roth accounts may be especially attractive — you lock in today's zero-state-tax cost forever.
Every number on this page reads from the same CalcFi data repository used by the Live Data pages below — the figures stay consistent.
Home Prices by State
Zillow ZHVI across all 50 states
Property Tax by State
Effective rate × ZHVI = annual bill
Household Income by State
FRED real median + percentile bands
Cost of Living by State
BEA RPP all-items + housing
No-Income-Tax States
Full list + trade-offs
Current Interest Rates
Treasury curve + PMMS + FDIC
CalcFi pSEO pages combine three inputs: (1) the calculator formula itself, which runs client-side so no inputs leave your browser; (2) state-level financial constants from primary public datasets; and (3) national benchmarks for comparison. The South Dakota page uses the property tax rate (1.24%), median home price ($275,000), and no state income tax from the sources listed below.
Refresh cadence:state tax brackets and minimum wage rates are reviewed annually after each state's legislative session. Property tax, median home price, insurance, and cost-of-living figures are reviewed annually against the primary sources. Income percentiles are refreshed when the Census CPS/IPUMS releases update (typically September). Page-level dateModified matches the last editorial review date, shown above.
Known limits: statewide averages mask large intra-state variance — county-level property tax and metro-level home prices differ significantly from the figures shown. For the most precise calculations, cross-check the output against your actual county assessor and the latest federal/state tax tables at filing time.
Use Debt-to-Income Ratio Calculator for any city in South Dakota.
Every number on this page cites a primary public dataset. Last reviewed (auto-bumped by the next ISR refresh after an ETL run).
CalcFi does not sell data. If you spot an error, email hello@calcfi.app with the URL and the correct figure.