What salary do you need to live in Sioux Falls, SD?

Rent, home values and prices in Sioux Falls

Renters in Sioux Falls pay a median $1,038 a month for two bedrooms. Size matters: one bedroom is $873, three bedrooms $1,309, so going from the smallest to the largest of the three adds $5,232 a year.

On the ownership side, the typical owner-occupied home is valued at $295,900. With median household income at $82,754, a typical home costs 3.6× a typical income, close to the middle of the range across US metros.

BEA's Regional Price Parity for the metro is 90.6, where 100 is the US average. In plain terms, the full basket of goods, services and housing costs 9.4% less than average, so $100,000 here buys roughly what $110,338 would at average US prices.

How much you need to earn in Sioux Falls

For two bedrooms, $124,000 is where Sioux Falls turns Comfortable. Below that, $62,000 marks the start of Okay and $31,000 the start of Tight; under $31,000 the score reads Stretched. Rent at the Comfortable line is 10% of gross pay.

Royal, the top band, starts at $302,000. At that income rent is 4% of pay and the median home 1.0× income.

These lines come straight from the calculator's formula: the income is raised until the two-bedroom score crosses each cutoff, then rounded up to the next $1,000.

Four salaries, three home sizes in Sioux Falls

Choosing a bigger place in Sioux Falls at $75,000 trims the score from 53 to 47 without leaving Okay.

Read down the two-bedroom column and the first Comfortable row is $150,000, consistent with the $124,000 line above.

Where Sioux Falls falls nationally

On price level Sioux Falls is 277th of 387 (1 = most expensive); on two-bedroom rent it is 259th, and on median home value 156th. The two rankings agree, both falling in the middle half.

Lewiston, ID-WA ($1,038) and El Centro, CA ($1,037) bracket Sioux Falls on two-bedroom rent.

Sioux Falls in a South Dakota context

Compared with South Dakota as a whole, two-bedroom rent in Sioux Falls is 5% higher ($1,038 vs. $987) and the median home is 15% higher ($295,900 vs. $257,400). Parts of the metro lie in Minnesota, but Sioux Falls is in South Dakota, so that is the state used here.

The South Dakota figure for the Comfortable line, using state medians, is $108,000 against $124,000 for Sioux Falls.

South Dakota has only 2 other metros in the data, Sioux City, IA-NE-SD and Rapid City, SD, so the closest match elsewhere, Lewiston, ID-WA, is included too.

Does the typical Sioux Falls income clear the bar?

What about a typical local household? Census puts median household income here at $82,754, which grades Okay (54) for a two-bedroom at the median rent. Put differently, Sioux Falls's typical household is $41,246 below the $124,000 it takes to read Comfortable on two bedrooms. Statewide, the South Dakota median household ($75,081) grades Okay on the state's own medians. Household income can include more than one earner, so a single salary of the same size goes less far.

Treat every number here as a pre-tax, public-data estimate rather than financial advice.