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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 |
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|
| 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, |
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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, |
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|
| Type of Apartment |
Range |
| 1 Bedroom |
$450 - $700 |
| 2 Bedroom |
$550 - $900 |
| 3 Bedroom |
$600 - $1100 |
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Cost of Living Stats
Cost of Living Index |
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| Chicago |
114.2 |
109.2 |
131.1 |
109.1 |
107.7 |
111.4 |
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| 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 |
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