Cost of Living in Sioux Falls, SD
Population: 197,642 • 2026 Data
$74,714
Median Household Income
-3% vs national
$993
Median Monthly Rent
-26% vs national
$271,400
Median Home Value
-20% vs national
2.3%
Unemployment Rate
Housing in Sioux Falls
The median home value in Sioux Falls, SD is $271,400. Monthly rent for a typical unit averages $993, while total monthly housing costs (including utilities and insurance) average $1,122.
Rent-to-income ratio: 15.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Sioux Falls, SD is $74,714. The unemployment rate stands at 2.3%, with a labor force of 114,306 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.