Sioux Falls, SD is the largest city in South Dakota with a population of 57105. It boasts a modest cost of living when compared to the rest of the United States. The average rent for a two bedroom apartment in Sioux Falls is $960, which is much lower than the US average of $1,430. Grocery costs are also relatively low in Sioux Falls with an index at 99 as opposed to 100 in the US. Aside from cost of living, Sioux Falls includes many notable companies such as Sanford Health, Avera Health, and MetaBank. The city produces several goods ranging from agricultural products to machinery parts and its vibrant downtown area provides plenty of entertainment options. Therefore residents who choose to live in Sioux Falls can enjoy a low cost of living along with plenty of job opportunities and recreational activities.
Sioux Falls (zip 57105) has an unemployment rate of 3.2%. The US average is 6.0%.
Sioux Falls (zip 57105) 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 (zip 57105)
- The Sales Tax Rate for Sioux Falls (zip 57105) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Sioux Falls (zip 57105) 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 57105)
- The average income of a Sioux Falls (zip 57105) resident is $30,096 a year. The US average is $28,555 a year.
- The Median household income of a Sioux Falls (zip 57105) resident is $64,875 a year. The US average is $69,021 a year.