Sioux Falls metro considered “resilient” in post-pandemic economic recovery

To measure how local economies were faring during one of the most volatile economic periods in recent memory, Brookings Metro launched the Metro Recovery Index in 2020. It included critical insights on certain elements of economic recovery, including jobs, home prices, rents, and commuting patterns. Their newly released Metro Monitor provides a comprehensive look at how the pandemic impacted inclusive growth across 192 U.S. metro areas with populations of at least 250,000, which together are home to 78% of the nation’s population and contribute 84% of the nation’s GDP.

The Metro Monitor examines economic performance across five broad categories: growth, prosperity, overall inclusion, racial inclusion and geographic inclusion. Each category is measured using three standardized indicators. To assess how the pandemic influenced inclusive growth, this analysis examines trends across those indicators over two time periods: 2011-2019 and 2019-2021 during the pandemic.

Sioux Falls metro was one of 50 areas considered “Resilient,” having an inclusive growth score that ranked in the top half of metro areas in both periods, meaning it was a strong performer prior to the pandemic (ranking 18th) and sustained strong performance through the pandemic (ranking 12th).

South Dakota is the 7th best state to retire in 2023

The decision to retire can be a difficult one, but with the freedom to live your life to the fullest, why not retire somewhere that your life can be better than ever?

Well, South Dakota is one of those places! According to WalletHub, South Dakota is the 7th best place to retire for 2023.

“If retirement is still a big question mark for you because of finances, consider relocating to a state that lets you keep more money in your pocket without requiring a drastic lifestyle change,” the article releasing the findings says. “To determine the best states to retire, WalletHub compared the 50 states across 47 key indicators of retirement-friendliness. Our analysis examines affordability, health-related factors and overall quality of life.”

See why SD scored highly at the link below!

Sioux Falls is the 8th happiest city in the nation

Sioux Falls is one of the happiest cities in the country! That’s according to a new study conducted by WalletHub.

The researchers used three key dimensions to determine happiness in 182 of America’s largest cities: the 150 most populated cities in the country, plus at least two of the most populated cities in each state.

“WalletHub drew upon the various findings of positive-psychology research in order to determine which among more than 180 of the largest U.S. cities is home to the happiest people in America,” the article releasing the findings says. “We examined each city based on 30 key indicators of happiness, ranging from the depression rate to the income-growth rate to average leisure time spent per day.”

To see the methods and how other cities stacked up, click the link below!

Sioux Falls metro area renters pay lower percentage of income on housing

While the cost of living is rising, renter households in the Sioux Falls area fare better than most peer communities in the region.

Newly released data from the Census Bureau’s American Community Survey provides the housing cost ratio (percentage of household income spent on housing costs) for every county in the nation.

Here’s how Sioux Falls compares:

Housing Cost Ratio

St. Paul, Ramsey County 29.8

Rochester, Olmsted County 28.6

Omaha, Douglas County 28.3

Minneapolis, Hennepin County 28.2

Des Moines, Polk County 26.9

Sioux City, Woodbury County 25.9

Sioux Falls, Minnehaha County 25.9

Sioux Falls, Lincoln County 25.5

Fargo, Cass County 25.3

Households are considered cost burdened when they spend more than 30 percent of their income on rent, mortgage, and other housing needs.

Sioux Falls is the 6th hardest working city in America

We work smarter, and harder

Welcome to Sioux Falls, SD, where our residents are among the hardest working people anywhere in the United States!

Recently, WalletHub ranked Sioux Falls as the 6th hardest-working city in America. Using factors like employment rate, work week hours, commute time, and community activism, the study confirmed that Sioux Falls a great place to work.

“In order to determine which cities outwork the rest of America, WalletHub compared the 116 largest cities across 11 key metrics,” the article publishing the findings says. “Our data set ranges from the employment rate to average weekly work hours to the share of workers with multiple jobs.”

To see the full methodology and how other cities compared, click ‘learn more’ below.

Sioux Falls: A top 10 city for remote work

Sioux Falls: 8th Best City for Remote Work

As companies have increasingly allowed for work from home options, people are looking for the best places to live as remote workers.

Forage has done the research and found which small cities in the U.S. are the best places to live for remote workers, and Sioux Falls is one of them, ranking No. 8.

“If you have the option to work from home, living in a smaller, more affordable city rather than a dense metropolis may be worth considering,” the article says. Cities were scored based on nine criteria relevant to remote workers to assess the feasibility of working from home, affordability, and local entertainment.

Learn more about Sioux Falls’ ranking, how the study was conducted, and how other cities ranked at the link below.

South Dakota ranked No. 2 best business tax climate

When it comes to picking a state that has the best business tax climate, South Dakota is always near the top! With no corporate or individual state income tax, it’s a great place to own a business. The Tax Foundation’s State Business Tax Climate Index revealed South Dakota is the second best state for business tax climate. Curious which other states are in the top ranks? Learn more at the link below.

Sioux Falls metro building homes at 5th fastest rate in the nation

Lately, headlines of housing shortages, inflation, and interest rates have homebuyers wondering if a slowdown will happen any time soon. If you find yourself in that boat, Sioux Falls might be the place for you! According to a recent report from Inspection Support Network, the Sioux Falls Metro is building houses at the 5th fastest rate in America among small metros!

“To determine the metros building the most homes, researchers at Inspection Support Network analyzed the latest data from the U.S. Census Bureau and Zillow,” the release said. “The researchers ranked metro areas according to the number of new housing units authorized per 1,000 existing homes in 2021. In the event of a tie, the metro with higher total new housing units authorized in 2021 was ranked higher.”

Learn more and view the full results below!

Sioux Falls ranked second most affordable city

Looking to live in one of the best cities in America? Look no further than Sioux Falls at No. 2!

SmartAsset did the research for you in terms of the best cities in America to live on a $65,000 salary, which aligns with the national median household income of $64,994. The ranking compares cities with median household incomes between $60,000 and $70,000 with at least 60,000 residents.

All of the top ten cities ranked well in the report’s housing metrics, with less than 25 percent of income spent on housing. Seven of the top 10 cities are Midwestern metros that offer low median monthly housing costs, relatively short commutes, and low unemployment.

Other top metros include Bismarck, ND; Cheyenne, WY; Billings, MT; Waukesha, WI; Bloomington, IL; Appleton, WI; Rogers, AR; Madison, WI; and Cedar Rapids, IA.

Check out the article here.



South Dakota ranks as one of the best states to start e-commerce businesses

Build your e-commerce business in South Dakota

With beautiful bike trails, bustling downtowns, and rolling plains of farmland, South Dakota is a great place to call home, but it’s also a great place to start a business!

Our business-friendly tax climate is one of the best in the nation. See why digital commerce company, Nexcess, ranked South Dakota in the top five states to start an e-commerce business.

Dean Dziedzic
Need a place to build? Contact

Dean Dziedzic

VP of Economic Development, Sioux Falls Development Foundation

Sioux Falls ranked a top 10 mid-size city by AARP


AARP has ranked Sioux Falls a top 10 mid-size city!

The index scores every neighborhood and community in the United States for the services and amenities that affect people’s lives the most as they age by using more than 50 national data sources to measure 61 community characteristics across seven categories: housing, neighborhood, transportation, environment, health, engagement and opportunity.

Sioux Falls: 2022’s most affordable place to live & work in the US

When it comes to picking a place to live, one of the most important factors is affordability. For that reason, we’re excited to share that Sioux Falls tops the list of most affordable places to live and work in the U.S. for 2022! The ranking was compiled by GoodHire using census data, and ranked cities using the following criteria:

  1. Wage Growth (20% weight)
  2. Unemployment Rate (10% weight)
  3. Job Growth (20% weight)
  4. Percentage of Jobs Open (10% weight)
  5. Renter Affordability (15% weight)
  6. Homeowner Affordability (15% weight)
  7. Real Per Capita Personal Income (10% weight)

Sioux Falls MSA ranked 8th in economic strength

POLICOM specializes in studying the dynamics of local economies and addresses the condition of an economy from the viewpoint of its impact upon the “standard of living” of the people who live and work in an area. The highest ranked areas have had rapid, consistent growth in both size and quality for an extended period. The lowest ranked areas have been in decline. The formulas used to determine economic strength measure how the economy has behaved, not what has caused it to perform.

In their 2022 study, POLICOM, ranked Sioux Falls 8th best out of 384 Metropolitan Statistical Areas for our economic strength.

South Dakota ranks 2nd on the 2022 Tax Foundation Index

When it comes to picking a state that has the best business tax climate, South Dakota is always near the top! With no corporate or individual state income tax, it’s a great place to own a business. The Tax Foundation’s State Business Tax Climate Index revealed South Dakota is the second best state for business tax climate. Curious which other states are in the top ranks? Learn more at the link below.