Here's what it costs to live in Sioux Falls, South Dakota, based on the latest US government data. Renters pay a median of $993 per month, while the typical home is valued around $271,400. Households earn a median of $74,714 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 23. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$74,714
Annual · Census ACS
Median Gross Rent
$993
Per month · Census ACS
Median Home Value
$271,400
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$865
HUD Fair Market Rent
1BR Fair Market Rent
$986
HUD FMR
2BR Fair Market Rent
$1,156
HUD FMR
3BR Fair Market Rent
$1,586
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
None
No state income tax on wages
State Sales Tax
4.20%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
197,642
Latest estimate
Median Age
35.1 yrs
Census ACS
Average AQI
23.0
Source: EPA AirNow
What is the cost of living index for Sioux Falls?
The cost of living index for Sioux Falls is not yet available in our database.
What is the median rent in Sioux Falls?
The median gross rent in Sioux Falls is $993 per month according to US Census ACS data.
What is the median household income in Sioux Falls?
The median household income in Sioux Falls is $74,714 per year.
What is the median home value in Sioux Falls?
The median home value in Sioux Falls is $271,400 based on the latest Census ACS survey.
How is the air quality in Sioux Falls?
Sioux Falls has an average Air Quality Index (AQI) of 23.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Sioux Falls?
South Dakota has no state income tax on wages and a statewide sales tax of 4.20% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology