Housing costs in Sioux Falls?
A typical home costs
$295,100, which is 12.7% less expensive than the national average of
$338,100 and 10.1% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Sioux Falls costs
$980 per month, which is 7.7% more than the national average of
$910 and 3.1% more than the state average of
$950.
Can I afford Sioux Falls?
To live comfortably in Sioux Falls (zip 57107), South Dakota, a minimum annual income of
$56,520 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Sioux Falls?
The cost of living in 57107 Sioux Falls, SD is relatively affordable. According to the Missouri Economic Research and Information Center, Sioux Falls has an overall cost of living index score of 87.7, which is 13.3% lower than the national average. The city’s housing index score is 86.9, which is 14.1% lower than the national average. On average, rent for a one-bedroom apartment in Sioux Falls runs around $800 per month, and groceries generally cost about 8% less than the national average. Additionally, transportation costs are relatively low due to the city’s walkability and public transportation options like buses and trolley services. Overall, living in 57107 Sioux Falls, SD can be quite affordable for those looking for a place to settle down or start a family.