Cost of Living

Cost of Living

The cost of living is better in Sioux Falls, thanks in part to no personal income tax, low real property and sales taxes, affordable housing and utility costs, and a favorable climate. The overall cost of living is 6% lower than the national average.


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Year Median Existing Home Price
2009 $139,200
2010 $143,300
2011 $141,400
2012 $149,200
2013 $155,500
2014 $162,300
2015 $174,000
Monthly Apartment Rent
Range
1 Bedroom
$550 - 900
2 Bedroom $700 - 1,000
3 Bedroom $800 - 1,300
Component 100%
All Items
13%
Food
28%
Housing
10%
Utilities
10%
Transportation
4%
Health
35%
Misc. Services
Chicago, IL 115.7 118.4 134.4 104.0 114.3 99.8 104.7
Minneapolis, MN 111.2 109.3 113.5 92.7 132.1 106.3 108.7
St. Paul, MN 109.8 105.7 110.9 91.2 132.7 105.5 108.4
Denver, CO 109.4 97.4 129.5 95.6 94.8 110.3 106.9
Bismarck, ND 103.5 107.1 106.4 84.4 111.1 111.0 101.7
Madison, WI 103.1 101.7 109.7 91.4 102.5 120.8 99.6
Bozeman, MT 102.0 101.4 112.7 84.6 100.3 104.3 98.9
Fargo, ND 99.9 112.9 91.4 108.1 94.1 113.1 99.4
Sioux Falls, SD 93.6 92.7 91.9 100.1 89.4 106.9 93.1
Source:,Council for Community & Economic Research ACCRA Cost of Living Index,
Inter-City Index (US Average = 100), Published 2Q 2015

Cost of Living: The Sioux Falls Advantage

The cost of living is better in Sioux Falls, thanks in part to no personal income tax, low real property and sales taxes, affordable housing and utility costs, and a favorable climate. The overall cost of living is 6% lower than the national average.

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