Sioux Falls, South Dakota, is an ideal place to settle down with its low living costs and great local employers. In 57106 Sioux Falls, SD, the average 2 bedroom rent is $990 per month compared to the US average of $1,430 per month. The Grocery Cost Index in Sioux Falls is also very affordable at 100 versus the US index of 100. Local companies in the area include Sanford Health, Wells Fargo Home Mortgage, CitiGroup Global Markets Inc., Avera McKennan Hospital & University Health Center, and Raven Industries Inc. With its low cost of living and great job opportunities, Sioux Falls makes for a great place to start a business or find a job while enjoying what this charming city has to offer.
Sioux Falls (zip 57106) has an unemployment rate of 3.2%. The US average is 6.0%.
Sioux Falls (zip 57106) 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 57106)
- The Sales Tax Rate for Sioux Falls (zip 57106) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Sioux Falls (zip 57106) 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 57106)
- The average income of a Sioux Falls (zip 57106) resident is $27,971 a year. The US average is $28,555 a year.
- The Median household income of a Sioux Falls (zip 57106) resident is $69,202 a year. The US average is $69,021 a year.