Cost of Living,
Sioux Falls's Real Estate Market
Sioux Falls Metro Area
Profile: Small city Location: Eastern South Dakota near the Iowa-Minnesota border at the junction of I-90 and I-29 Elevation: 1427 Time zone: Central Standard Time
|Cost of living||Cold winters|
|Diverse economy ||Isolation|
|Small-town atmosphere||Low ethnic diversity|
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Sioux Falls is the state’s largest city and most important commercial and cultural center. This fairly typical Midwestern city has a strong and diverse economy based not only on local activities like agriculture but also a significant presence in the service economy, especially banking and credit processing. Because of low taxes, a good labor force, and business-friendly state laws, Wells Fargo, Citibank, HSBC, and others have large processing operations here. This results in future job growth projections that are strong for the region.
Sioux Falls is also a healthcare hub for a large region of South Dakota, Iowa and Minnesota. The downtown area is clean but nondescript, as are most of the outlying suburbs. Aside from winter weather, the quality of life is high, with low crime and an assortment of modest cultural amenities. For those seeking more, other cities are a long way away (Minneapolis–St. Paul is 270 miles east).
Sioux Falls is located in the Big Sioux River Valley in southeast South Dakota. The surrounding terrain is gently rolling grassland with some wooded areas. The climate is Great Plains continental with frequent weather changes. In fall and winter, cold air masses can move in rapidly, bringing gusty winds and temperature drops of 20 to 30 degrees in 1 day. There are one or two heavy snowfalls each winter. Severe cold spells usually last only a few days, but long stretches of below-freezing weather can occur. Summers are warm but not excessively hot; temperatures above 100 occur only 1 in 3 years. Summer nights are pleasant. Rainfall is heaviest in spring and summer, and rain and melting snow can cause some flooding in the lower areas. Strong winds occur in all seasons. First freeze is early October, last is mid-May.
Interesting Facts about Sioux Falls (zip 57106), South Dakota
As of 2014, Sioux Falls (zip 57106)'s population is 39,873 people. Since 2000, it has had a population growth of 43.42 percent.--------------------
The median home cost in Sioux Falls (zip 57106) is $157,800. Home appreciation the last year has been 3.10 percent.--------------------
Compared to the rest of the country, Sioux Falls (zip 57106)'s cost of living is 3.30% Lower than the U.S. average.--------------------
Sioux Falls (zip 57106) public schools spend $9,613 per student. The average school expenditure in the U.S. is $12,435. There are about 18.1 students per teacher in Sioux Falls (zip 57106).--------------------
The unemployment rate in Sioux Falls (zip 57106) is 3.40 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Sioux Falls (zip 57106) jobs have Increased by 1.43 percent.
Ranked #2 Most Secure Places to Live in the U.S. (Mid-Size Metro Areas)
Ranked #6 Most Secure Places to Live 2011 (Mid-Size Cities)
Ranked #24 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #100 2005 Best Places to Live
Ranked #104 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
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Average Commute time is 18 minutes. The National Average is 25 minutes.--------------------
Sioux Falls (zip 57106)'s Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes