Have you ever wondered what the cheapest place to live in South Dakota is? Well, look no further than this great list of amazing towns. You will find that the cost of living in South Dakota is very low (as if you need another reason to love South Dakota!). This state is full of kind people, inspiring landmarks and attractions, and various cultures. And, as you'll see, the price of either a mortgage or monthly rent in the Mount Rushmore State comes in well below the national average! If you are looking for a perfect place to live that won't break the bank, check out the eight cheapest places to live in South Dakota

1. Pierre

What better way to begin our list of the most affordable places to live than with our state capital?! With median home values at $207,600 (thousands less than the national average), it is no wonder why so many people put down roots in beautiful Pierre! Better yet, the overall cost of living (utilities, groceries, gas, etc.) is estimated to be less than the rest of South Dakota! So, if you've ever found yourself wondering, "is South Dakota cheap to live in?" the answer is yes! Learn more about Pierre, then check it out yourself.

2. Winner

Winner lives up to its name in terms of affordable living! If you are looking for a small community that is not only tight-knit but easy on the wallet, check out this south-central town and its median home price of $108,000. This is the cheapest place to live in South Dakota, so learn more about it.

3. Tea

Are you a millennial looking for a place to settle down? This town of 5,000 residents may be your cup of tea! (See what we did there?) With its great paying jobs, low crime rate, and slightly higher median home price ($243,100 median), Tea is a great place to start life! Read more about Tea, and then pay it a visit. Are you on the other end of the spectrum and looking to retire? Then you will love ...

4. Hot Springs

... lovely Hot Springs! With the median home value at $108,000 (and median rent at only $605 a month), Hot Springs is exceptionally affordable and also offers a lot in terms of things to do, volunteer opportunities, and community events. Check out more about Hot Springs to see if it makes your list of potential retirement spots.

5. Sioux Falls

Are you all about the hustle and bustle of a big city? Sioux Falls has everything you could ever want, plus a median home price of $108,100. This means you can use the money you have saved to enjoy a night out on the town! Read more about Sioux Falls, and then visit this cool spot.

6. Yankton

Coming in well below both the state and national average, Yankton is a vibrant and affordable college town (sounds like an oxymoron, I know!) with a median home price of just $175,800. Learn more about Yankton, and then put this unique city on your must-visit list.

7. Brookings

Do you have school-aged kids and want the best for them? Overall, South Dakota schools are stellar, but time and again, the Brookings School District has gone above and beyond to give their students the best! While an excellent education may seem like it would cost an arm and a leg, it — in this case — does not, with the median home value in Brookings costing $203,900. Read more about Brookings to see if it could be a good fit for you.

8. De Smet

Quite possibly the most charming and nationally loved (via the Little House of the Prairie books) is De Smet, which invites you to "Come experience the Little Town on the Prairie" with their 1,000+ friendly residents and median home costs of $110,800. Check out more about De Smet and see if it could make your list of dream towns.

Did your town make the list? Do you want to move to the cheapest place to live in South Dakota? Do you know of any other affordable places to live in South Dakota? Let us know! For other must-visit small towns, check out these 12 cool small towns in South Dakota that you've probably never heard of before.