Sioux Falls, South Dakota (zip code 57108) is a great city for families and professionals alike, with a 2 bedroom rent of $1170 compared to the national average of $1430. Furthermore, when it comes to groceries, Sioux Falls has a grocery cost index of 105 versus 100 in the US, making it even more affordable for locals. The city is home to various businesses such as Sanford Health and POET Biorefining that help drive its local economy. Residents can also enjoy outdoor activities like hiking at McKennan Park or cycling at Falls Park. With rent prices lower than the national average and an abundance of entertainment options, Sioux Falls is an ideal place for those looking for a better cost of living than what's offered in other parts of the US.
Sioux Falls (zip 57108) has an unemployment rate of 3.2%. The US average is 6.0%.
Sioux Falls (zip 57108) 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 57108)
- The Sales Tax Rate for Sioux Falls (zip 57108) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Sioux Falls (zip 57108) 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 57108)
- The average income of a Sioux Falls (zip 57108) resident is $55,753 a year. The US average is $37,638 a year.
- The Median household income of a Sioux Falls (zip 57108) resident is $90,272 a year. The US average is $69,021 a year.