Cost of Living in Sioux Falls, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
115.4
100 = national avg
+15.4 vs national average
Living Wage (1 Adult)
$50,761
per year
Living Wage (Family of 4)
$119,982
per year
Cost Index by Category
Housing124.4
Food107.1
Transportation114.2
Healthcare105.7
Utilities109.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$986
per month
2 Bedroom
$1,156
per month
The overall cost of living index in Sioux Falls is 115.4, which is 15.4% above the national average. Housing costs are above the national average at an index of 124.4. A single adult needs to earn approximately $50,761 per year to cover basic expenses.