Sioux Falls, SD is an attractive place to live. It has a low 2 bedroom rent of $1,010 compared to the US average of $1,430. Not only that but its grocery cost index is on par with the national average at 100. Local businesses in Sioux Falls include Citi Trends Inc., Sanford Health and MetaBank. The city is also home to multiple venues for entertainment such as The District and The Orpheum Theatre Center. Interesting facts about Sioux Falls include being ranked as one of the best cities for young entrepreneurs and having the largest public sculpture display in the United States with 38 pieces of public art!
Sioux Falls has an unemployment rate of 3.2%. The US average is 6.0%.
Sioux Falls has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Sioux Falls
- The Sales Tax Rate for Sioux Falls is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Sioux Falls is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Sioux Falls
- The average income of a Sioux Falls resident is $28,120 a year. The US average is $28,555 a year.
- The Median household income of a Sioux Falls resident is $66,761 a year. The US average is $69,021 a year.