Cost of Living in Sioux Falls, SD
2024 data from the Bureau of Economic Analysis
Cost Index
90.6
9.4% below avg
Housing Index
77.6
Median Income
$78,552
Median Rent
$961/mo
Cost Breakdown
Overall90.6 (-9.4%)
Housing77.6 (-22.4%)
Goods95.5 (-4.5%)
Utilities80.7 (-19.3%)
Other Services91.9 (-8.1%)
National average = 100
Income & Housing
Median Household Income
$78,552/year
Median Home Value
$255,400
Median Monthly Rent
$961/mo
Per Capita Income
$40,880/year
Compare Sioux Falls, SD With
Sioux Falls, SD vs Elizabethtown, KYSioux Falls, SD vs Battle Creek, MISioux Falls, SD vs Baton Rouge, LASioux Falls, SD vs Springfield, OHSioux Falls, SD vs Rochester, MNSioux Falls, SD vs Oklahoma City, OKSioux Falls, SD vs Fargo, NDSioux Falls, SD vs Saginaw, MISioux Falls, SD vs Abilene, TXSioux Falls, SD vs Elkhart, IN
Frequently Asked Questions
Is Sioux Falls, SD expensive to live in?
Sioux Falls, SD has a cost of living index of 90.6, which is 9.4% below the national average.
How much does housing cost in Sioux Falls, SD?
Housing costs in Sioux Falls, SD are indexed at 77.6 compared to the national average of 100. The median monthly rent is $961.
What is the average income in Sioux Falls, SD?
The median household income in Sioux Falls, SD is $78,552 per year.
What is the average home price in Sioux Falls, SD?
The median home value in Sioux Falls, SD is $255,400.