South Dakota ranks 48th nationally for the wage needed to afford the average fair market rent for a two-bedroom apartment, according to a report released by the National Low Income Housing Coalition.
The report calculates that a worker would need to earn $13.41 per hour to afford a two-bedroom apartment at $698. That wage is $4.91 more than the state's minimum wage of $8.50. South Dakota compares to No. 52 Puerto Rico on the low end at a needed wage of $10.53 and No. 1 Hawaii with a needed wage of $31.61.
The report notes that the average renter in South Dakota earns $10.67 per hour, making a rent of $555 affordable. A minimum wage worker would need to work 49 hours per week to afford the average one-bedroom apartment at $540 per month and 63 hours to afford a two-bedroom unit.
The report finds Douglas County the most expensive county for renters, with $16.04 per hour needed to afford a two-bedroom apartment at fair market value. The remaining top five counties are Pennington ($15.27), Buffalo ($14.83), Fall River ($14.42) and Custer ($14.23).
In South Dakota, 32 percent, or 103,264, of households are rented.