College Costs in Milbank, SD 2026
Compare tuition, housing, and financial aid across 1 colleges in Milbank, South Dakota. Use our free calculator to estimate your total cost.
Avg Public Tuition
$9,700
per year
Avg Private Tuition
$24,000
per year
Avg Rent Near Campus
$612
per month
Colleges & Universities
1
institutions
Milbank Overview
Population
3,353
Student Population
1,048 (31.3%)
Cost of Living Index
88.3 (avg: 100)
Walk Score
43/100
Transit Score
16/100
Unemployment Rate
2.5%
College Cost Calculator for Milbank
Cost Inputs
Total Cost (4 Years, Public In-State)
$93,476
Total After Financial Aid
$93,476
Annual Cost
$23,369
Annual After Aid
$23,369
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $93,476 |
| Monthly Payment | $1,061 |
| Total Interest | $33,892 |
| Total Loan Cost | $127,368 |
Universities in Milbank
| University | Type | Annual Tuition |
|---|---|---|
| Milbank State University | Public | $10,664 |
| Milbank Community College | Community | $5,500 |
Milbank has 1 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Milbank vs. National Average
| Category | Milbank | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $9,700 | $10,940 | -$1,240 |
| Monthly Rent Near Campus | $612 | $1,050 | -$438 |
| Cost of Living Index | 88.3 | 100 | -11.700000000000003 |
Milbank's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Milbank
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
1,048 students
Milbank has a total population of 3,353, with approximately 1,048 college students (31.3% of the population). As a major college town, Milbank offers a vibrant campus atmosphere with student-friendly businesses, affordable dining options, and active social scene.
Post-Graduation Outlook in Milbank
$42,198
Starting Salary
2.5%
Unemployment Rate
73%
Graduation Rate
~13 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Milbank earn a median starting salary of $42,198, which is $7,198 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $93,476 (including room and board), it would take approximately 13 years of the salary premium to recoup the investment. With average financial aid of $10,227 per student per year, the net cost and payback period can be significantly reduced.
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