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) | 7% lower | 24% lower |
| Utilities (Monthly) | - | 15% lower |
| Food | 2% lower | 4% lower |
| Healthcare | 11% higher | 4% higher |
| Transportation | 3% lower | 11% lower |
| Goods & Services | 13% lower | 8% lower |
The cost of living in Sioux Falls, SD is 7% lower than the state average and 12% lower than the national average. Sioux Falls, SD housing is 24% cheaper than the U.S average, while utilities are about 15% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 4% cheaper 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 4% 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 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 $1,174, while home prices circle around $421,338.
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 $167.40 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 $4.68 in Sioux Falls, a dozen eggs go for around $4.51 and a pound of potatoes circles around $4.96.
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 $213.07, while a dentist appointment is priced $115.70 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.65 in Sioux Falls, while getting your tires balanced will run you about $59.80.
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 $34.50 here. Meanwhile, a pair of women's slacks will set you back around $26.74.
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 $9.96 a month. When it comes to personal services, a haircut usually goes for $41.20, while dry cleaning costs about $18.58.
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 $75,970.