Sioux Falls, South Dakota Cost Of Living

Buy Rent

B

Overall 9%

Goods & Services 4%

Housing 15%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	91	90	100
Goods & Services	96	96	100
Groceries	96	99	100
Health care	107	102	100
Housing	85	77	100
Transportation	91	96	100
Utilities	85	88	100

Key findings

The cost of living in Sioux Falls is 1% higher than the South Dakota average
The cost of living in Sioux Falls is 9% lower than the national average
Sioux Falls housing is 15% lower than the national average
South Dakota general sales tax is 21% 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

See all Sioux Falls poll results

The best places in South Dakota

Here are the best places to live in South Dakota

10 Best cities in South Dakota for employment

Top 10 cities in South Dakota with the best education system

10 best cities to buy a new house 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%	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	$16.15	$17.49	7.7%
Beauty Salon	$30.20	$38.17	20.9%
Toothpaste	$2.13	$2.32	8.2%
Shampoo	$1.13	$1.01	11.7%
Movie	$9.75	$10.72	9.1%
Bowling	$15.19	$13.86	9.6%

Groceries

Item	Sioux Falls	National avg.	Difference
Ground Beef	$3.19	$3.90	18.2%
Fried Chicken	$1.91	$1.40	36.8%
Milk	$2.13	$1.96	8.6%
Potatoes	$2.49	$3.18	21.8%
Pizza	$10.49	$10.39	0.9%
Beer	$8.79	$9.23	4.8%

Health Care

Item	Sioux Falls	National avg.	Difference
Optometrist	$124.00	$106.34	16.6%
Doctor	$142.50	$115.25	23.6%
Dentist	$100.00	$98.38	1.6%
Ibuprofen	$9.59	$9.26	3.6%
Lipitor	$447.40	$466.47	4.1%

Housing

Item	Sioux Falls	National avg.	Difference
Home Price	$161,500.00	$184,700.00	12.6%
Avg. Mortgage Payment	$1,183.43	$1,273.32	7.1%
Apartment Rent	$749.00	$949.00	21.1%

Transportation

Item	Sioux Falls	National avg.	Difference
Gasoline	$2.58	$2.59	0.5%
Tire Balancing	$38.40	$48.90	21.5%

Utilities

Item	Sioux Falls	National avg.	Difference
All Electricity	$124.73	$167.60	25.6%
Phone	$178.51	$163.42	9.2%

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, State	Population	Cost of Living Index	National Avg.
Chancellor, SD	327	82	-18%
Lennox, SD	2,095	84	-16%
Valley Springs, SD	714	84	-16%
Larchwood, IA	865	85	-15%
Worthing, SD	1,066	87	-13%
Sioux Falls, SD	167,884	91	-9%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Ontario, CA	169,389	123	23%
Vancouver, WA	169,982	115	15%
Cape Coral, FL	170,063	105	5%
Springfield, MO	165,138	85	-15%
Pembroke Pines, FL	164,753	111	11%
Sioux Falls, SD	167,884	91	-9%

Source: The Sioux Falls, SD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Sioux Falls, SD Cost of Living

Find real estate listings

Find rental listings