Housing costs in Sioux Falls?
A typical home costs
$432,000, which is 27.8% more expensive than the national average of
$338,100 and 61.2% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Sioux Falls costs
$1,170 per month, which is 28.6% more than the national average of
$910 and 18.8% more than the state average of
$950.
Can I afford Sioux Falls?
To live comfortably in Sioux Falls (zip 57108), South Dakota, a minimum annual income of
$82,800 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Sioux Falls?
The cost of living in 57108 Sioux Falls, SD is lower than the national average, making it an attractive option for those looking for a place to settle down. According to BestPlaces Cost of Living Index, the overall cost of living index is 71.14, which is 16.36% lower than the USA average. Housing costs are also lower than the national average with median rent ranging from $800-$1000 depending on the size of the home and location within the city limits. Despite its affordability, Sioux Falls offers plenty in terms of local amenities and entertainment, including several parks and trails as well as a thriving business district with several restaurants and stores to choose from.