Cost of Living in New Holland, South Dakota
New Holland is a Census-designated place in Douglas County, South Dakota, with a population of 21. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in New Holland is $35,495 a year — greater than the annual cost of living for South Dakota of $33,761 yet less than the national figure of $38,433.
Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in New Holland and over 29,000 other cities and towns in the US.
Transportation Costs in New Holland, South Dakota
Transportation can also be a significant component of cost of living. The average commute in New Holland is - minutes long, compared to the 26.6-minute average commute nationwide. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in New Holland spends $11,931 a year on transportation, more than the national average of $9,760.
Health Care Costs in New Holland, South Dakota
Out-of-pocket health care costs and insurance premiums — assuming at least a basic level of health insurance coverage — are far higher than they are on average nationwide in New Holland but in line with what they are across South Dakota as a whole.
For a single adult living in the area, average health care costs come out to $5,183 per year, compared to an average of $5,176 across South Dakota and $4,266 nationwide.
Child care Costs in New Holland, South Dakota
For families with children, child care adds thousands of dollars to overall annual spending. In New Holland, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $11,069, about $1,100 less than the comparable average of $12,215 across all of South Dakota. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year.
Food Costs in New Holland, South Dakota
Food is another every day expense that has a significant impact on overall cost of living. Data from the U.S. Department of Agriculture shows that the cost of food varies from city to city and town to town.
In New Holland, a single adult spends an average of $3,175 on food annually, and a family of four spends $9,168 on average. For context, average annual food expenditure across South Dakota and the U.S., respectively, are $3,254 and $3,240 for a single adult, and $9,397 and $9,354 for a family of four. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation.
Taxes in New Holland, South Dakota
Few expenses vary as much from city to city and town to town as taxes. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in New Holland, South Dakota pays $5,151 annually — closely in line with the statewide average of $4,825.
It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. Accounting for these taxes, while excluding taxes levied at the federal level, New Holland residents live in a state with a low average tax burden. Per capita state tax collections in South Dakota total $2,174 per year, compared to the $3,151 average across all states.
To estimate the cost of housing, food, transportation, health care, child care, taxes, and other necessities, 24/7 Wall St. assigned county-level Economic Policy Institute data to cities, towns, villages and Census-designated places based on boundary definitions from the U.S. Census Bureau. For places that span multiple counties, data was aggregated based on the percentage of boundary overlap.
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