Sioux Falls, SD Cost Of Living
Cost Of Living In Sioux Falls, SD Summary
Cost of living in Sioux Falls research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sioux Falls is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in South Dakota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Sioux Falls is 97, with 100 being the average.
The cost of living index in Sioux Falls is 1.0x lower than the national average.
Sioux Falls ranks as the #14 cheapest in South Dakota out of 19.
Sioux Falls ranks as the #2,245 cheapest out of 6,489 in the US.
The median home value in Sioux Falls is $329,892.
The median income in Sioux Falls is $74,714.
Table Of Contents
Sioux Falls's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Sioux Falls, SD?
According to the most recent data on the cost of living, Sioux Falls has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to South Dakota, Sioux Falls has a cost of living index that's 1.1x higher than South Dakota's index of 88.
The standard of living in Sioux Falls ranks as #14 most affordable out of the 19 places we measured in South Dakota. By definition, that implies Sioux Falls ranks as the #5 most expensive place in the Mount Rushmore State.
For more reading on life in Sioux Falls, check out:
In South Dakota
In America
Sioux Falls Cost Of Living Vs. South Dakota
Six factors go into calculating the cost of living index in Sioux Falls. Here is how it fairs on each of the criteria:
The Services index in Sioux Falls is 93.
The Groceries index in Sioux Falls is 99.
The Health index in Sioux Falls is 104.
The Housing index in Sioux Falls is 104.
The Transportation index in Sioux Falls is 93.
The Utilities index in Sioux Falls is 86.
| Living Expense | Sioux Falls | South Dakota | National Average | |
|---|---|---|---|---|
| Overall | 97 | 88 | 100 | |
| Services | 93 | 95 | 100 | |
| Groceries | 99 | 98 | 100 | |
| Health | 104 | 100 | 100 | |
| Housing | 104 | 78 | 100 | |
| Transportation | 93 | 95 | 100 | |
| Utilities | 86 | 89 | 100 | |
Sioux Falls, SD Housing Cost Breakdown
Housing swings affordability the most between places in South Dakota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Sioux Falls is $329,892.
The Median Rent in Sioux Falls is $993.
The Median Income in Sioux Falls is $74,714.
The Home Value To Income in Sioux Falls is 4.4x.
The Rent To Monthly Income in Sioux Falls is 0.16x.
| Statistic | Sioux Falls | South Dakota | United States |
|---|---|---|---|
| Median Home Value | $329,892 | $315,406 | $303,400 |
| Median Rent | $993 | $912 | $1,348 |
| Median Income | $74,714 | $72,421 | $78,538 |
| Home Value To Income | 4.4x | 4.4x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.15x | 0.21x |
Median Home Value
Median Rent
Median Income
Sioux Falls, SD Costs By Category
Detailed Sioux Falls Services Costs Vs. South Dakota
| Item | Sioux Falls | South Dakota |
|---|---|---|
| Shampoo | $1.29 | $1.28 |
| Movie | $9.36 | $12.13 |
| Bowling | $16.4 | $18 |
| Haircut | $24.32 | $24.26 |
| Beauty Salon | $35.22 | $45.56 |
Detailed Sioux Falls Groceries Costs Vs. South Dakota
| Item | Sioux Falls | South Dakota |
|---|---|---|
| Ground Beef | $5.89 | $5.84 |
| Fried Chicken | $1.41 | $1.57 |
| Milk | $4.75 | $4.67 |
| Potatoes | $4.63 | $4.93 |
| Pizza | $10.64 | $12.09 |
| Beer | $9.33 | $10.41 |
| Toothpaste | $3.8 | $3.7 |
Detailed Sioux Falls Health Costs Vs. South Dakota
| Item | Sioux Falls | South Dakota |
|---|---|---|
| Optometrist | $135.1 | $125.68 |
| Doctor | $177.33 | $135.78 |
| Dentist | $108.21 | $113.29 |
Detailed Sioux Falls Transportation Costs Vs. South Dakota
| Item | Sioux Falls | South Dakota |
|---|---|---|
| Gasoline | $3.28 | $3.46 |
| Tire Balancing | $49.42 | $59.92 |
Detailed Sioux Falls Utilities Costs Vs. South Dakota
| Item | Sioux Falls | South Dakota |
|---|---|---|
| All Electricity | $141.67 | $193.99 |
| Phone | $194.04 | $192.25 |
Sioux Falls SnackAbility
/10
Cost Of Living In Cities Around Sioux Falls
The cost of living varies in the cities and towns around Sioux Falls. Here's a quick look at the cost of living in the most populous nearby places:
Brandon, SD has a cost of living index of 102, 1.1x Sioux Falls.
Harrisburg, SD has a cost of living index of 100, 1.0x Sioux Falls.
Tea, SD has a cost of living index of 98, 1.0x Sioux Falls.
| City | Population | Cost Of Living | Vs. Sioux Falls |
|---|---|---|---|
| Brandon, SD | 10,996 | 102 | 1.1x |
| Harrisburg, SD | 7,790 | 100 | 1.0x |
| Tea, SD | 6,339 | 98 | 1.0x |
