States › South Dakota › Sioux Falls

Is Sioux Falls, SD expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,31425% lower than U.S. average
💵 Families earn per year (2026)$81,934about $6,828/month · 6% lower than U.S. average
🔑 House price$292,40012% lower than U.S. average

Sioux Falls is the largest city in South Dakota that we track, with 201,469 residents. Rent is lower than in 68% of U.S. cities. A typical house costs about 3.6 years of household income. Commutes are short, about 17 minutes.

How much money do I need?

To rent here comfortably, you should earn about $52,560 a year. That is $25 an hour at a full-time job.

Is rent cheaper than other South Dakota cities?

No. Rent here is more expensive than in most of South Dakota. It is number 13 of 19 cities from cheapest to most expensive.

Sioux Falls
$1,314
$1,299
$1,249
$1,271

Compare Sioux Falls with other big cities

vs New Yorkvs Los Angelesvs Chicagovs Houstonvs Columbusvs Montgomeryvs Oklahoma Cityvs Lubbockvs Lincolnvs St. Louisvs Rochestervs Birmingham

Compare Sioux Falls to 149 other cities →

How much do households earn in Sioux Falls?

Under $25k
11.5%
$25k–50k
23.5%
$50k–100k
35.5%
$100k–150k
16.8%
$150k+
9.3%

Share of households by yearly income. 26.1% of households earn $100,000 or more.

Rent by apartment size in Sioux Falls

SizeSioux FallsU.S. average
Studio$977$1,338
1 bedroom$984$1,324
2 bedrooms$1,172$1,509
3 bedrooms$1,471$1,698
4 bedrooms$2,008$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Sioux Falls overall?

Everyday prices in the Sioux Falls metro area are 9% below the U.S. average (index 90.6, U.S. = 100).

Housing
78
Goods (food, clothes…)
95
Utilities
81
Other services
92
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.

Taxes and bills in Sioux Falls

🏛️ Property tax$3,389a year · 1.16% of home value · U.S. $3,119
⚡ Electric bill$105a month (typical) · U.S. $156

Life in Sioux Falls

Commute to work17 minU.S.: 26.4 min
College degree38.1%U.S.: 35.7%
Own their home59.5%U.S.: 65.2%
Below poverty line9.6%U.S.: 12.5%
Unemployment2.5%U.S.: 5.2%

What jobs pay in Sioux Falls

JobMedian payRent / pay
Pharmacist$148,33010.6%
Operations Manager$142,73011.0%
Physician Assistant$135,79011.6%
Nurse Practitioner$130,39012.1%
Lawyer$112,26014.0%
Software Developer$101,04015.6%
Civil Engineer$99,70015.8%
Computer Systems Analyst$99,14015.9%
Dental Hygienist$92,35017.1%
Accountant$80,92019.5%
Police Officer$77,44020.4%
Registered Nurse$75,35020.9%
Market Research Analyst$66,06023.9%
HVAC Technician$62,44025.3%
Electrician$61,47025.7%
Truck Driver$60,82025.9%
Plumber$55,00028.7%
Licensed Practical Nurse$53,52029.5%
Firefighter$50,84031.0%
Elementary School Teacher$50,04031.5%
Carpenter$49,41031.9%
Warehouse Worker$44,42035.5%
Customer Service Representative$43,85036.0%
Medical Assistant$43,76036.0%
Nursing Assistant$39,19040.2%
Restaurant Cook$37,31042.3%
Retail Salesperson$34,60045.6%
Cashier$30,88051.1%
Server (Waiter/Waitress)$29,92052.7%

Is it cheaper to rent or buy in Sioux Falls?

Renting is cheaper right now: about $715 a month less.

Renting
$1,314
Owning
$2,029

Owning assumes a typical $292,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $29,240 for the down payment.

Frequently asked questions

What is the average rent in Sioux Falls, SD?

Renting in Sioux Falls costs a median of about $1,314 a month in 2026, including utilities. The South Dakota median is $1,271.

How much do I need to make to live in Sioux Falls?

To keep rent under 30% of income, you need about $52,560 a year, or $25 an hour at a full-time job.

Is Sioux Falls cheap or expensive?

Sioux Falls is rated Cheap: rent takes 19.2% of the typical household income of $81,934. It ranks 13th cheapest of 19 South Dakota cities we track.

How much are property taxes in Sioux Falls?

The median homeowner in Sioux Falls pays $3,389 a year in property taxes, about 1.16% of the median home value.

Is Sioux Falls more expensive than the national average?

Overall prices in the metro area are 9% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Sioux Falls?

The median home value in Sioux Falls is $292,400, about 3.6 times the typical yearly household income.

201,469 people live in Sioux Falls. Numbers are typical (middle) values.