Cost of Living in Sioux Falls, SD
|Cost of Living in Sioux Falls, SD||Compared to State Average||Compared to National Average|
|Housing (Buy and Rent)||2% lower||5% lower|
|Utilities (Monthly)||3% lower||13% lower|
|Food||14% lower||11% lower|
|Healthcare||7% higher||2% higher|
|Transportation||6% lower||13% lower|
|Goods & Services||2% lower||8% lower|
The cost of living in Sioux Falls, SD is 4% lower than the state average and 8% lower than the national average. Sioux Falls, SD housing is 5% cheaper than the U.S average, while utilities are about 13% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 8% less in Sioux Falls, SD than in the rest of the country, while clothing costs around 8% less .
Healthcare services such as doctor check-ups and dentistry cost 2% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 8% cheaper in Sioux Falls, SD.
Housing (Buy and Rent)
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Sioux Falls is $505, while home prices circle around $408,374.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Sioux Falls, energy bills cost around $134.21 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $2.28 in Sioux Falls, a dozen eggs go for around $1.35 and a pound of potatoes circles around $2.96.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Sioux Falls, an optometry check-up costs around $120.56, while a dentist appointment is priced $100.56 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.70 in Sioux Falls, while getting your tires balanced will run you about $37.93.
Goods & Services
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $24.73 here. Meanwhile, a pair of women's slacks will set you back around $28.40.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Sioux Falls, you should budget around $9.77 a month. When it comes to personal services, a haircut usually goes for $18.27, while dry cleaning costs about $13.36.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Sioux Falls, the median household income is $61,738.