Housing costs in Sioux Falls?
A typical home costs
$262,400, which is 22.4% less expensive than the national average of
$338,100 and 2.1% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Sioux Falls costs
$920 per month, which is 1.1% more than the national average of
$910 and 3.3% cheaper than the state average of
$950.
Can I afford Sioux Falls?
To live comfortably in Sioux Falls (zip 57103), South Dakota, a minimum annual income of
$50,400 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Sioux Falls?
The cost of living in 57103 Sioux Falls, SD is relatively low. The median home value in the area is $179,000 and the median rental price for a two-bedroom apartment is $823 per month. The local unemployment rate sits at 2.7%, which is significantly lower than the national average of 3.9%. Additionally, groceries and other essentials are generally affordable, allowing residents to save money on their overall cost of living. In addition, there are plenty of entertainment options to explore within the city, like museums, restaurants, and parks--all without breaking the bank.