Sioux Falls, South Dakota is the largest city in the state with a population of over 180,000. The cost of living in Sioux Falls is relatively low compared to other cities of its size as the average rent for a two bedroom apartment is only $860 compared to the national average of $1,430. The grocery cost index in Sioux Falls is also lower than the national average at 98 versus 100 respectively. If you choose to live in Sioux Falls you may be able to work for one of many local companies such as Wells Fargo Financial, POET Ethanol Products, or Sanford Health. Each company has its own unique benefits that make them attractive employers and thus offer a good quality of life for those who choose to live in Sioux Falls.
Sioux Falls (zip 57104) has an unemployment rate of 3.2%. The US average is 6.0%.
Sioux Falls (zip 57104) has seen the job market decrease by -1.1% 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 (zip 57104)
- The Sales Tax Rate for Sioux Falls (zip 57104) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Sioux Falls (zip 57104) 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 (zip 57104)
- The average income of a Sioux Falls (zip 57104) resident is $27,029 a year. The US average is $37,638 a year.
- The Median household income of a Sioux Falls (zip 57104) resident is $46,407 a year. The US average is $69,021 a year.