Sioux Falls, SD Metro Area is an economical and diverse location for many people. With a 2 bedroom rent of $950 compared to the US rent of $1,430, there are plenty of affordable rental options available in Sioux Falls. The Grocery Cost Index is also lower in Sioux Falls compared to the US, which makes it a great place for those looking to save money on their grocery bills. There are plenty of prestigious businesses located in Sioux Falls such as Citigroup Inc., Wells Fargo & Company, First Premier Bank and Sanford Health. Sioux Falls offers great opportunities for its citizens and is a great place to live. Compared to the US, Sioux Falls has much lower living costs while still providing quality services from local companies.
Sioux Falls Metro Area has an unemployment rate of 3.0%. The US average is 6.0%.
Sioux Falls Metro Area 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 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Sioux Falls Metro Area
- The Sales Tax Rate for Sioux Falls Metro Area is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Sioux Falls Metro Area 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 Metro Area
- The average income of a Sioux Falls Metro Area resident is $28,645 a year. The US average is $28,555 a year.
- The Median household income of a Sioux Falls Metro Area resident is $72,547 a year. The US average is $69,021 a year.