The Good Life for Less

One of the reasons Sioux Falls keeps growing is that families have discovered that it costs less to live well here than in most metropolitan areas. You keep more of what you earn-and your dollar goes further in Sioux Falls.

Pay less in taxes, and for driving, too!
Sioux Falls, South Dakota has NO personal income tax and NO personal property tax. Furthermore, families moving here can expect their income to go further. Living in Sioux Falls is very affordable. Even operating a car costs less in Sioux Falls than anywhere else in the nation. Runzhiemer International considered insurance, registration fees, fuel costs and maintenance and judged that Sioux Falls drivers pay about $7,884 per year to keep their cars in running condition. The most expensive place in the nation to own a car? Detroit, with an annual operating cost of $12,318.

[Residential Housing Costs] [Cost of Living]

Residential Housing Stats

Residential Housing Costs
 
Median Home Price
4th Quarter 2000
$108,700
4th Quarter 2001
$114,500
4th Quarter 2002
$119,200
4th Quarter 2003
$121,300
4th Quarter 2004
$127,300
4th Quarter 2005
$136,400
4th Quarter 2006
$133,700
4th Quarter 2007
$144,500
Source: National Association of Realtors, www.realtor.org

 

Comparison of Avg. Home Prices 2007
Minneapolis 
$415,767
Milwaukee
$324,750
Lincoln
$292,233
Madison, WI
$264,950
Des Moines
$260,275
Kansas City
$238,875
St. Louis
$225,875
Fargo
$217,890
South Dakota
$197,600
Source: Coldwell Banker, www.coldwellbanker.com

 

Monthly Apartment Rent
Type of Apartment
Range
1 Bedroom
  $450 - $700
2 Bedroom
  $550 - $900
3 Bedroom
$600 - $1100

 

Number of Housing Units

[Back to Top]

Cost of Living Stats

 Cost of Living Index
Chicago
114.2
109.2
131.1
109.1
107.7
111.4

106.2

Las Vegas
107.5
101.1
126.7
108.7
100.3
105.1
96.4
Denver
104.7
105.6
110.4
111.8
96.6
102.8
100.3
Cheyenne
101.6
104.8
105.9
103.4
95.3
94.5
99.2
St. Cloud
100.0
103.5
91.5
98.1
100.5
98.8
106.2
St. Louis
96.9
105.3
92.9
101.3
95.1
96.0
96.4
Fargo
95.7
92.7
83.1
129.6
94.7
96.7
97.4
Kansas City
93.5
91.6
85.8
95.3
99.4
94.7
98.0
Eau Claire
92.0
88.8
86.0
107.0
99.0
99.3
91.0
Des Moines
91.7
87.0
85.5
96.8
94.6
91.0
96.2
Sioux Falls
91.6
88.2
74.3
112.0
93.6
87.2
100.8
*Figures based on the US Avg. of 100
Source: American Chamber of Commerce Researchers Association, Cost-of-Living Index for Urban Areas - 2nd Quarter, 2006
 

[Back to Top]

 

 

 

 


200 North Phillips Avenue #101, PO Box 907
Sioux Falls, SD  57101-0907
Phone: 605.339.0103
Fax:  605.339.0055
Toll Free:  1.800.658.3373
info@siouxfalls.com
 
© Copyright Sioux Falls Development Foundation 2005.
All information, images, descriptions, et al are the property of Sioux Falls Development Foundation. Forward Sioux Falls, Sioux Falls Area Chamber of Commerce, Sioux Falls Development Foundation, Sioux Falls Convention and Visitor's Bureau are registered trademarks. Any unauthorized reproduction without the written consent of Sioux Falls Development Foundation is prohibited.