Executive Financial Report: Raymond (57258)
Planning a relocation to or managing a household budget in Raymond, SD (57258) requires a clear understanding of baseline financial requirements. As a single adult, living comfortably in this area demands an estimated $3,031 per month in essential expenditures.
With typical rent and housing utilities averaging an affordable $503 per month—just 17% of baseline expenses—Raymond offers exceptionally competitive housing costs compared to wider metropolitan averages across South Dakota.
Local earnings in Raymond (57258) demonstrate strong purchasing power. The area median family income of $67,202 significantly exceeds the annual baseline living threshold ($36,366.706) by a ratio of 1.85x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
On the expenditure side, groceries and essential nutrition require approximately $280 per month in Raymond. Direct tax liabilities consume an estimated $397 monthly (13% of total baseline expenses). Favorable state tax policies in SD provide additional financial relief for working professionals.
Overall, Raymond (57258) presents a distinct economic profile within Clark. Whether you are relocating for career advancement or evaluating localized living expenses, utilizing our interactive tools below will help you tailor these baseline figures to your exact household composition and salary.