Sioux Falls, SD Relocation Guide (2026)
Cost of living, housing, and income data for Sioux Falls, sourced from the US Census Bureau.
Salary needed to live in Sioux Falls →
Source: US Census Bureau ACS 5-Year (2022). Last updated July 2026.
Population in Sioux Falls, South Dakota runs approximately 193,401. Median household income sits at $71,785, landing roughly in line with the benchmark median we track across cities (+0%).
For renters and buyers alike, Sioux Falls offers a median home value of $250,000 (below the tracked median, -23%) and median rent of $965 monthly. Local property taxes and current mortgage rates will shape the real cost of buying.
Sioux Falls's home-price-to-income ratio of about 3.5× puts it in affordable territory — income here stretches further toward a home purchase than in many cities we track. Year-over-year, home values around Sioux Falls are up 2.06%, a pace in line with a healthy, unremarkable market. FEMA classifies Sioux Falls's hazard risk as Relatively Moderate, a comparatively low rating among the cities we track.
Personal Affordability Check
Renting at $965/mo in Sioux Falls would take 16.1% of your income.
$830/mo under the 30% guideline.
Buying the median home ($250,000) would take 22.3% of your income toward principal & interest.
$340/mo under the 28% guideline.
Cost of housing in Sioux Falls
Median home value is $250,000 and median gross rent is $965/month. For buyers, monthly costs depend heavily on current mortgage rates — worth checking before you commit.
FHFA's county-level home price index for Minnehaha rose 2.06% over the past year (as of 2025).
HUD's FY 2026 Fair Market Rent for a 2-bedroom unit in the surrounding county is $1,156/month.
Climate & home insurance
FEMA rates Sioux Falls's overall natural-hazard risk as Relatively Moderate. Risk level is a major driver of home insurance premiums.
Safety
Sioux Falls reported a violent crime rate of 364 per 100,000 residents in 2025, per FBI data.
Moving to Sioux Falls
Planning a move to Sioux Falls? Compare licensed movers and get quotes based on your origin and move date.
Frequently asked questions
- What is the cost of living in Sioux Falls, SD?
- Sioux Falls's key cost-of-living figures: $250,000 median home value, $965 median monthly rent, and $71,785 median household income, per the US Census Bureau ACS 5-Year (2022).
- How much do you need to earn to live comfortably in Sioux Falls?
- Sioux Falls's median rent of $965/month works out to roughly $38,600 in annual income needed, if you're budgeting the standard 30% of gross pay toward rent. See the full salary breakdown (renting and buying) for Sioux Falls.
- Is it better to rent or buy in Sioux Falls?
- Sioux Falls's median rent of $965/month translates to about $38,600 a year needed to rent comfortably, versus roughly $57,199 a year for principal and interest on the $250,000 median home (20% down, 30-year fixed, today's rates). How long you'll stay is usually the deciding factor.
- Is Sioux Falls safe?
- Per FBI Crime Data Explorer figures, Sioux Falls's violent crime rate was 364 per 100,000 residents in 2025.
See the full salary breakdown for Sioux Falls →
Cities with a similar cost of living
Matched on median rent and household income within 15% of Sioux Falls's.