Executive Financial Report: Ellsworth Afb (57706)
Navigating the local economic landscape in Ellsworth Afb (57706) reveals an average baseline monthly living cost of approximately $3,097 for a single adult. This comprehensive benchmark reflects essential housing, nutrition, tax, and medical commitments.
With typical rent and housing utilities averaging an affordable $566 per month—just 18% of baseline expenses—Ellsworth Afb offers exceptionally competitive shelter costs compared to wider metropolitan averages across South Dakota.
To maintain sustainable financial health in Ellsworth Afb (57706) using the popular 50/30/20 budgeting framework, your essential living expenses ($3,097/month) should not exceed 50% of your net take-home pay. Consequently, an individual needs a target gross annual salary of approximately $74,328 to cover necessities while building savings. On an hourly basis, working a standard 2,080-hour work year requires a minimum hourly living wage of $17.87/hour just to meet basic survival costs.
For a family of four (2 adults and 2 children), basic monthly expenditures in Ellsworth Afb increase to $7,316 per month ($87,792/year)—approximately 2.4x higher than the single-adult baseline. Childcare premiums and multi-bedroom housing represent the largest contributors to this family budget increase. Compared against the area median family income of $75,749, local wages provide a 2.04x coverage ratio relative to single-adult baseline expenses.
Transportation costs average $896/month (29% of budget), while essential healthcare premiums demand $662/month. Direct tax liabilities consume $408 monthly (13% of spending). SD residents benefit from zero state personal income tax, providing valuable salary relief. Overall, living in Ellsworth Afb (57706) requires balancing real estate trends with local earnings.