Housing costs in Sioux Falls?
A typical home costs
$301,100, which is 10.9% less expensive than the national average of
$338,100 and 12.4% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Sioux Falls costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 4.2% more than the state average of
$910.
Can I afford Sioux Falls?
To live comfortably in Sioux Falls South Dak Metro Area, South Dakota, a minimum annual income of
$57,600 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Sioux Falls?
The cost of living in the Sioux Falls, SD Metro Area is quite attractive when compared to the national average. The area's cost of living index score of 91.7 is substantially lower than the US average of 100, meaning that it is more affordable to live in this area than in other places. This lower cost-of-living is especially beneficial for prospective homeowners looking to purchase a home, as the median house value in this region is a very reasonable $301100, compared to the much higher national average of $338,100.