Sioux Falls, South Dakota Cost Of Living

A+

11%

Overall NAT. AVG.

9%

Goods & Services NAT. AVG.

15%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Sioux Falls	South Dakota	National
Cost of living	89	88	100
Goods & Services	91	93	100
Groceries	88	95	100
Health care	103	100	100
Housing	85	77	100
Transportation	88	89	100
Utilities	93	92	100

New Real Estate Listings in Sioux Falls Area

For Sale For Rent

Search

Search Homes for Sale in Sioux Falls, SD

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Sioux Falls is 1% higher than the South Dakota average
The cost of living in Sioux Falls is 11% lower than the national average
Sioux Falls housing is 15% lower than the national average
South Dakota general sales tax is 12% lower than the national average
South Dakota state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Sioux Falls

See all the best places to live around Sioux Falls

Compare Sioux Falls, SD Cost of Living

Write a review to give others more information about this area.

See all Sioux Falls poll results

The best places in South Dakota

Here are the best places to live in South Dakota

See the best places to live in & around Sioux Falls

Check out the 10 safest cities in South Dakota

These are the 10 most affordable cities in South Dakota

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$74,607	$6,217	$1,741	$2,238
Renters	$33,136	$2,761	$773	$994

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Sioux Falls, SD, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Sioux Falls homeowners, is $74,607. This would allow for a maximum of $1,741 per month to be spent on housing costs. For renters, the median monthly income is $33,136 which would result in a maximum of $773 to be spent on rental costs.

South Dakota Sales Tax

State	General Sales Tax	With Max Surtax
South Dakota	4.5%	6%

South Dakota Income Tax

State	Income Tax (Low)	Income Tax (High)
South Dakota	0%	0%

Goods & Services

Item	Sioux Falls	National avg.	Difference
Haircut	$16.90	$20.27	16.6%
Beauty Salon	$28.58	$40.39	29.3%
Toothpaste	$2.15	$2.36	8.9%
Shampoo	$1.07	$1.08	1.0%
Movie	$9.43	$10.99	14.1%
Bowling	$13.73	$15.49	11.3%

Groceries

Item	Sioux Falls	National avg.	Difference
Ground Beef	$2.94	$4.30	31.6%
Fried Chicken	$1.70	$1.40	21.2%
Milk	$2.44	$2.20	10.7%
Potatoes	$2.58	$3.22	19.9%
Pizza	$9.95	$10.74	7.4%
Beer	$9.14	$9.60	4.7%

Health Care

Item	Sioux Falls	National avg.	Difference
Optometrist	$122.03	$109.73	11.2%
Doctor	$160.93	$118.34	36.0%
Dentist	$101.20	$100.94	0.3%
Ibuprofen	$9.32	$9.93	6.2%
Lipitor	$325.99	$469.53	30.6%

Housing

Item	Sioux Falls	National avg.	Difference
Home Price	$161,500.00	$184,700.00	12.6%
Avg. Mortgage Payment	$1,246.43	$1,229.62	1.4%
Apartment Rent	$749.00	$949.00	21.1%

Transportation

Item	Sioux Falls	National avg.	Difference
Gasoline	$2.61	$2.71	3.5%
Tire Balancing	$38.29	$51.86	26.2%

Utilities

Item	Sioux Falls	National avg.	Difference
All Electricity	$145.74	$170.84	14.7%
Phone	$191.00	$187.18	2.0%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Chancellor, SD	327	80	19.8%
Lennox, SD	2,095	82	18.1%
Valley Springs, SD	714	82	17.9%
Larchwood, IA	865	83	17.0%
Worthing, SD	1,066	85	15.3%
Sioux Falls, SD	167,884	89	10.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Ontario, CA	169,389	122	22.4%
Vancouver, WA	169,982	112	12.4%
Cape Coral, FL	170,063	104	3.6%
Greater Sudbury, ON	165,562	n/a
Springfield, MO	165,138	86	14.1%
Sioux Falls, SD	167,884	89	10.8%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.