Living in Spearfish, South Dakota
Cost of living, income, home prices, rent and demographics of Spearfish · Census data 2020–2024
Spearfish has 12,930 residents with a median age of 40. The median household income is $65,688 (13% lower than the South Dakota median), the median home value is $346,200, the median rent is $963/month.
Spearfish at a glance
- Population
- 12,930
- Median age
- 40State: 38
- Median household income
- $65,688State: $75,081
- Median home value
- $346,200State: $257,400
- Median rent
- $963/moState: $946
- Homeowners
- 49.6%
- Bachelor's degree or higher
- 41.8%
- Average commute
- 16 min
Is Spearfish a good place to live?
Pros: An average commute of 16 minutes; unemployment of 2.2%.
Cons: Median household income 13% lower than the South Dakota median; home values 34% higher than the state median; a poverty rate of 15.2%.
The weather is best in June to September.
Cost of living in Spearfish
Housing is the biggest part of the cost of living. In Spearfish the median home value is $346,200, 4% higher than the U.S. median. Renters pay a median of $963 per month, which is 26.7% of household income. Homeowners with a mortgage pay $1,737 a month in housing costs.
Spearfish median household income
The median household income in Spearfish is $65,688 and the income per person is $45,171. 15.2% of residents live below the poverty line (South Dakota: 11.9%).
Housing in Spearfish: homes for sale and rent
- Housing units
- 6,494
- Owner-occupied
- 49.6%
- Renter-occupied
- 50.4%
- Vacant
- 8.7%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.05
Spearfish demographics
- Population
- 12,930
- Median age
- 40
- Under 18
- 18.4%
- 65 and older
- 20.7%
- Households
- 5,932
- Foreign-born
- 2.6%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Spearfish ›
Education in Spearfish
41.8% of adults 25 and older in Spearfish have a bachelor's degree or higher (South Dakota: 31.9%), and 16.3% have a graduate or professional degree.
Jobs and commute in Spearfish
- Unemployment rate
- 2.2%State: 2.9%
- Average commute
- 16 minState: 18 min
- Work from home
- 6.6%
- Drive alone
- 76.6%
- Public transit
- 1.3%
- Walk to work
- 7.3%
- Homes with broadband
- 92.2%
Spearfish vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spearfish | 12,930 | $65,688 | $346,200 | $963 |
| Mountain Plains | 350 | $248,558 | $613,200 | — |
| North Spearfish | 1,858 | $76,809 | $356,200 | $1,264 |
| Deadwood | 1,209 | $40,179 | $226,500 | $702 |
| Central City | 140 | $47,000 | $208,300 | — |
| Whitewood | 912 | $77,500 | $243,300 | $946 |
| Crook City | 279 | $139,926 | $463,300 | — |
| Lead | 3,006 | $73,047 | $189,400 | $835 |
| Belle Fourche | 5,804 | $65,071 | $222,500 | $983 |
More for people moving to Spearfish
Spearfish ZIP code ›Weather and climate ›Living in Spearfish: FAQ
What is the median household income in Spearfish, SD?
The median household income in Spearfish is $65,688, 13% lower than the South Dakota median of $75,081 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Spearfish?
The median home value in Spearfish is $346,200, compared with $257,400 in South Dakota.
How much is rent in Spearfish?
The median gross rent in Spearfish is $963 per month, about 26.7% of household income.
Is Spearfish, SD a good place to live?
Pluses: an average commute of 16 minutes; unemployment of 2.2%. Minuses: median household income 13% lower than the South Dakota median; home values 34% higher than the state median; a poverty rate of 15.2%.
What is the median age in Spearfish?
The median age in Spearfish is 40 years (South Dakota: 38).
How long is the commute in Spearfish?
The average commute to work in Spearfish is 16 minutes; 6.6% of workers work from home.
What is the unemployment rate in Spearfish?
The unemployment rate in Spearfish is 2.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spearfish?
41.8% of adults in Spearfish have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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