Sioux Falls, South Dakota (57103) is a great place to live for those looking for an affordable alternative to expensive cities. The two bedroom rent in Sioux Falls amounts to $920, significantly lower than the US median of $1,430. In addition to the lower cost of rent, living expenses such as groceries are relatively inexpensive with Sioux Falls' Grocery Cost Index at 99 versus 100 in the US. This makes Sioux Falls much more cost-friendly than other areas.
Living in Sioux Falls also has many perks—the city is home to some great local companies such as Sanford Health, Wells Fargo Bank, and MetaBank. There are plenty of job opportunities available that make it easy to find employment and support yourself or your family while living in Sioux Falls. Thanks to its low cost of living and thriving job market, Sioux Falls is a great place to call home.
Sioux Falls (zip 57103) has an unemployment rate of 3.2%. The US average is 6.0%.
Sioux Falls (zip 57103) 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 57103)
- The Sales Tax Rate for Sioux Falls (zip 57103) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Sioux Falls (zip 57103) 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 57103)
- The average income of a Sioux Falls (zip 57103) resident is $27,599 a year. The US average is $28,555 a year.
- The Median household income of a Sioux Falls (zip 57103) resident is $67,970 a year. The US average is $69,021 a year.