Can A Real Estate Agent Afford Rent in Vermillion, SD?
Comfortably affordable — rent takes 16.3% of gross income.
Vermillion rent: May 2026. Salary: BLS OEWS May 2024 (South Dakota state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Compare with full rent data for Vermillion
View full rent data for Vermillion, SD →Frequently asked questions
Can a real estate agent afford rent in Vermillion, SD?
Median rent in Vermillion is $783 a month. A typical real estate agent in South Dakota earns about $57,710 a year, which makes that rent 16.3% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a real estate agent afford in Vermillion?
Using the 30% rule, a real estate agent salary in South Dakota (~$57,710/yr) supports up to $1,443 a month in rent. Vermillion's current median rent is $783/mo, which leaves a $660/mo buffer.
How many hours does a real estate agent work to cover rent in Vermillion?
At an hourly equivalent of about $28 an hour, a real estate agent in South Dakota works roughly 28.2 hours a month to cover Vermillion's median rent of $783.