Cost of Living in Sioux Falls, SD
Population 201,469 · Census ACS 2020–2024 5-year estimates
The median rent in Sioux Falls, SD is $1,035/month, 9% higher than the South Dakota median and 27% lower than the U.S. median. The median home value is $292,400, 12% lower than the national median. Households earn a median of $75,970 a year, about the same as the state median.
Affordability
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Sioux Falls vs. South Dakota vs. U.S.
| Sioux Falls | South Dakota | U.S. | |
|---|---|---|---|
| Median rent | $1,035 | $946 | $1,413 |
| Median home value | $292,400 | $257,400 | $332,700 |
| Median household income | $75,970 | $75,081 | $80,734 |
| Homeownership rate | 59.5% | 68.6% | 65.2% |
| Bachelor's degree or higher | 38.1% | 31.9% | 35.7% |
| Poverty rate | 9.6% | 11.9% | 12.5% |
| Unemployment rate | 2.5% | 2.9% | 5.2% |
| Work from home | 10.6% | 9.7% | 15.1% |
| Median age | 35.5 | 38.0 | 38.9 |
FAQ
What is the average rent in Sioux Falls, SD?
The median gross rent in Sioux Falls, SD is $1,035 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Sioux Falls, SD?
Using the common 30% rule, renting a median-priced home takes about $41,400 a year in gross income.
Is Sioux Falls, SD expensive to live in?
Rent there is 27% lower than the U.S. median, and the median home costs about 3.8 times the median household income.
Other cities in South Dakota
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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