Sioux Falls metro area renters pay lower percentage of income on housing
- March 8, 2023
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.