Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Ratings
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Hot Springs, South Dakota is a smaller city with a population of 3,498 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (78% White). Given that fact, Hot Springs could be considered less diverse than other cities. In Hot Springs, there seems to be a shift in population towards an older age group. The average age of the population is now 55, which is significantly higher than the nation’s average. All the single ladies and all the single fellas might want to take notice as only 46% of the Hot Springs population is married. If you're not a fan of traffic congestion and long commute times to work, Hot Springs is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 16 minutes, significantly lower than the national average of 26 minutes.
Whether you’re relocating to a new town to be closer to family, friends or for a new job, living in Hot Springs could be a positive experience compared to other cities in South Dakota if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. With useful information like amenities, commute, health & safety, education, employment and other key data points, finding the best places to live in Hot Springs and in the areas around Hot Springs is a much easier task.
With a livability score of 75 out of 100, Hot Springs is ranked #2,985 in the United States and #16 in South Dakota. Pack your bags! This is a very high score in comparison to other US cities. Living in Hot Springs could be a great choice! For each of the livability categories, we see that Hot Springs ranks very well for crime (B-), cost of living (A+) and housing (A). Hot Springs does not score well for the following: amenities (F). It might be a good idea to take a closer look at each category to find out why.
When contemplating a move, job prospects often top the list of priorities. In Hot Springs, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.75% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Hot Springs market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Hot Springs. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Hot Springs are affordable. Median real estate prices in Hot Springs come in at $127,600, which is 13% lower than the South Dakota average. The home price to income ratio compares the median home prices to the median household income. In Hot Springs, the home price to income ratio is 2.8, which is 0% lower than the South Dakota average.
| Statistic | Hot Springs | South Dakota | National |
| Average one way commute | 16min | 17min | 26min |
| Workers who drive to work | 75.6% | 79.6% | 76.4% |
| Workers who carpool | 1.7% | 9.1% | 9.3% |
| Workers who take public transit | 0.0% | 0.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 10.9% | 3.8% | 2.8% |
| Working from home | 11.8% | 5.5% | 4.6% |
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