Cost of Living in Sioux Falls, SD
Sioux Falls has a cost of living index of 92 (100 = national average), making it more affordable than the national average. The median household income is $62,350 and the median home price is $290,000.
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Sioux Falls at a Glance
Population
198,785
Cost of Living Index
92
Median Income
$62,350
Median Home Price
$290,000
Property Tax Rate
1.24%
Sales Tax Rate
6.50%
Rent Index
82
State
South Dakota
Living in Sioux Falls
Sioux Falls offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $290,000 is well within reach for many families.
The combined sales tax rate in Sioux Falls is 6.50%, and the effective property tax rate is 1.24%. Property taxes are close to the national average.