Other Costs

Other Costs

The cost of living is better in the Sioux Empire. At 3-4% below the national average, our cost of living beats our neighboring states of Minnesota, North Dakota, and Wyoming.(Source: C2ER)

The median home value in the Sioux Falls MSA is $194,000. (Source: American Community Survey 2017)

Utility costs in Sioux Falls are competitive. Electricity costs typically run slightly lower than the national average. The cost of industrial natural gas in South Dakota averages $4.93 per 1000 cubic feet. (Source: www.eia.gov, 2018)

Sioux Falls Development Foundation, the median home value in Sioux Falls is $162,900.

Cost of Living: The Sioux Falls Advantage

The cost of living is better in Sioux Falls, thanks in part to no personal income tax, low real property and sales taxes, affordable housing and utility costs, and a favorable climate. The overall cost of living is 6% lower than the national average.

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