Sioux Falls is a city in South Dakota situated on the Big Sioux River. The population of 57107 Sioux Falls, SD was estimated at 173,446 as of 2019. This populous city has many local companies that help contribute to the economy and job market. Popular companies include Sanford Health, Citibank, Smithfield Foods, Wells Fargo Financial, and John Deere Financial. 2 Bedroom Rent in Sioux Falls is $980 compared to the US average of $1,430 according to Rent Jungle. Grocery Cost Index in Sioux falls is 100 versus 100 in the US so it offers better affordability when it comes to food costs.
Sioux Falls (zip 57107) has an unemployment rate of 3.2%. The US average is 6.0%.
Sioux Falls (zip 57107) 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 57107)
- The Sales Tax Rate for Sioux Falls (zip 57107) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Sioux Falls (zip 57107) 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 57107)
- The average income of a Sioux Falls (zip 57107) resident is $30,635 a year. The US average is $37,638 a year.
- The Median household income of a Sioux Falls (zip 57107) resident is $62,641 a year. The US average is $69,021 a year.