Overall
90.6
Below avg
Metro cost profile · 2024 BEA RPP
Sioux Falls, SD-MN
Cost-of-living indicators for Sioux Falls, SD-MN, from Bureau of Economic Analysis Regional Price Parities, overall, goods, services, and rents vs the U.S. average of 100.
- 90.6
- Overall RPP
- #277
- of 387 metros
- 77.6
- Rents RPP
- $110K
- $100K national buys
Sioux Falls ranks #277 of 387 U.S. metros by cost, and its overall price index has fallen 3.8 points since 2008.
- falling since 2008
- similar cost to Elizabethtown
The verdict
Sioux Falls costs less than 72% of U.S. metros, an overall index of 90.6, 9.4% below the national average, with rents the biggest swing at 77.6.
- bottom 28%
- by overall cost, nationwide
- 95.5
- goods RPP, tradable items
- 80.7
- services RPP, labor-priced
A $100,000 national salary carries the purchasing power of about $110,338 here; matching a $100K lifestyle takes roughly $90,631.
Salary Equivalent
A $100,000 salary at the national average cost of living equals:
$90,631
in Sioux Falls, SD-MN purchasing power
$50,000 nationally
$45,316
$75,000 nationally
$67,973
$125,000 nationally
$113,289
$150,000 nationally
$135,947
$200,000 nationally
$181,262
Use the salary calculator for custom amounts.
Affordability score
C
53/100
How far the median local paycheck goes here, combining income and housing cost
Purchasing power
Not reported
Housing affordability C
53rd percentile
A weighted composite (60% purchasing power, 40% housing affordability) percentile-ranked against every other tracked metro; a missing input redistributes its weight rather than deflating the score. Sources: Census ACS 5-Year 2023 (income) + BEA Regional Price Parities 2024 (cost). Vintages differ by design; see methodology.
RPP History (2008-2024)
The cost of living has been trending downward, decreasing by 3.8 points over this period. The largest single-year move was in 2018, when the index jumped 3.5 points from the year before.
Sioux Falls overall RPP, 2008-2024
Every year on record, national average = 100
| Year | Overall |
|---|---|
| 2008 | 94.4 |
| 2009 | 92.8 |
| 2010 | 95.5 |
| 2011 | 93.4 |
| 2012 | 94.1 |
| 2013 | 93.8 |
| 2014 | 94.4 |
| 2015 | 93.1 |
| 2016 | 93.5 |
| 2017 | 91.4 |
| 2018 | 94.9 |
| 2019 | 95.2 |
| 2020 | 93.8 |
| 2021 | 93.0 |
| 2022 | 90.0 |
| 2023 | 90.1 |
| 2024 | 90.6 |
Latest BEA release change
What changed from 2023 to 2024
Sioux Falls's overall RPP rose +0.5 points, from 90.1 in 2023 to 90.6 in 2024. The largest category movement was rents, changing from 73.7 to 77.6. This is a relative change against the national benchmark, not a household's dollar bill.
Housing-led affordability profile
How Sioux Falls's cost structure works
Housing is the strongest affordability offset in Sioux Falls: rents index at 77.6, the component furthest below the national benchmark. That does not make every local expense low, but it is the clearest explanation for the metro's overall RPP of 90.6.
Across all reported metros, the closest component-profile matches are Killeen-Temple, TX, Lubbock, TX, Amarillo, TX. They resemble Sioux Falls across goods, services, and rents together, so they are stronger structure peers than a place selected only because its overall RPP happens to be nearby.
Across 2008-2024, Sioux Falls's overall index has fallen by 3.8 points. This is a relative price-level history, not a prediction or a personal affordability recommendation; pair it with current local wages and housing options before making a decision.
Sioux Falls vs every U.S. metro
Where this metro sits in the national cost distribution
91 Bottom 28% higher than 28% of 387 US metros
Each bar is a band; taller bars hold more US metros. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Bureau of Economic Analysis, Regional Price Parities · 2024
Sioux Falls cost breakdown
BEA RPP by category, 100 = national average
- Rents
Rents
77.6 RPP
- Services
Services
80.7 RPP
- Overall
Overall
90.6 RPP
- Goods
Goods
95.5 RPP
What this shows Sioux Falls's cost structure is housing-led: rents at 77.6 depart furthest from 100, while services sits at 80.7. This is a rent-sensitive profile, not a claim that every local expense moves together.
Goods vs. housing, where Sioux Falls's cost comes from
Metros near Sioux Falls's overall cost, plotted by their goods price (horizontal) and housing price (vertical). Same headline RPP, very different structures.
Read the chart as text
- Sioux Falls (Sioux Falls, this metro): goods RPP 95.5, rents RPP 77.6
- Elizabethtown: goods RPP 96.2, rents RPP 66.7
- Battle Creek: goods RPP 93.7, rents RPP 61
- Baton Rouge: goods RPP 93.7, rents RPP 74.2
- Springfield: goods RPP 93.6, rents RPP 61.7
- Rochester: goods RPP 95.4, rents RPP 78.6
- Oklahoma City: goods RPP 93.8, rents RPP 73.9
Price Index Summary
Goods
95.5
Below avg
Services
80.7
Cheap
Rents
77.6
Cheap
Metros with Similar Cost of Living
These metros have an overall RPP closest to Sioux Falls, SD-MN's index of 90.6.
Showing the 6 closest of 387 metro areas tracked nationally.
Decision peers
Metros with a similar cost mix
These metros are closest to Sioux Falls's combined goods, services, and rents profile. They may not have the same overall RPP, but their price pressures are shaped in a similar way.
Killeen-Temple, TX
Goods 93.8 · Services 81.2 · Rents 77.9 Lubbock, TX
Goods 93.8 · Services 82.8 · Rents 76.4 Amarillo, TX
Goods 93.8 · Services 83.5 · Rents 78.4 Huntsville, AL
Goods 96.4 · Services 83.9 · Rents 77.9 Tyler, TX
Goods 93.8 · Services 82.9 · Rents 79.9 Casper, WY
Goods 95.4 · Services 78.9 · Rents 74.2
SD-relative analysis
Goods prices places Sioux Falls, SD-MN near the bottom of SD's metros
Among the 2 SD metros PlainCost tracks with reported goods prices data, Sioux Falls, SD-MN ranks #2 - the 0th percentile within the state. This is a different, narrower cut than the nationwide rank above: it compares Sioux Falls, SD-MN only against its own state's metros, not the full US field.
Goods prices
#2 of 2
0th percentile in SD
Services prices
#1 of 2
50th percentile in SD
Rent prices
#1 of 2
50th percentile in SD
Ranked by raw value (highest first); a higher rank is not automatically "more expensive is worse", see the national comparison above for direction context. This is a comparison within SD only, not a livability score.
Nationwide metros with similar overall cost or rent prices
Two BEA RPP-derived peer sets for Sioux Falls, SD-MN: nearest metros by overall regional price parity and by rents RPP. These are cross-state neighborhoods, not the in-state metro list below.
Similar overall RPP
Nearest metros by overall regional price parity (90.6 here).
Similar rents RPP
Nearest metros by rents regional price parity (77.6 here).
Cost of living guides →, cheapest and most-expensive metro rankings, salary negotiation with RPP data, and step-by-step comparison walkthroughs.
Shareable data card
Take this cost snapshot with you
Download the data card or share this exact metro record. The card uses the same BEA-derived values shown above.
Compare to Other Metros
What this means for Sioux Falls
How to read Sioux Falls's cost of living before a move, a job offer, or a budget.
- Budget to local prices, not headline pay, a $100K national salary spends like about $110,338 in Sioux Falls. Salary calculator
- Start with rents: it indexes at 77.6, the largest departure from the national benchmark in this metro's BEA cost mix. Compare it with the other components before treating the overall RPP as a complete household budget.
- Compare Sioux Falls head-to-head against a specific destination before you decide. Compare metros
RPP is BEA's annual price-level benchmark for the data year shown, not a live market quote. Pair it with current local wages and housing costs before deciding.
Frequently Asked Questions
What is the cost of living in Sioux Falls, SD-MN?
Sioux Falls, SD-MN has a Regional Price Parity (RPP) index of 90.6, meaning it is 9.4% less expensive than the national average. Goods are indexed at 95.5, services at 80.7, and rents at 77.6. It ranks #277 out of 387 U.S. metro areas by overall cost.
What salary do I need in Sioux Falls, SD-MN to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $90,631 in Sioux Falls, SD-MN. Conversely, $100K earned in Sioux Falls, SD-MN has the purchasing power of $110,338 at the national average.
How expensive is rent in Sioux Falls, SD-MN?
Rents in Sioux Falls, SD-MN are indexed at 77.6, which is 22.4% below the national average. This makes the area relatively affordable for renters.
Is Sioux Falls, SD-MN getting more expensive?
From 2008 to 2024, Sioux Falls, SD-MN's overall cost index changed by -3.8 points (from 94.4 to 90.6). The cost of living has been declining.
What costs the most in Sioux Falls, SD-MN?
The priciest category in Sioux Falls, SD-MN is goods at 95.5, 4.5% below the national average, still the highest of the three categories. The most affordable category is rents at 77.6, 22.4% below average.
What metros have a similar cost of living to Sioux Falls, SD-MN?
Metros with the most similar overall cost index include Elizabethtown, Battle Creek, Baton Rouge. These areas have RPP values within a few points of Sioux Falls, SD-MN's 90.6.
Data sources
- BEA Regional Price Parities (RPP), the cost-of-living indices shown on this page
- U.S. Census Bureau, American Community Survey (ACS), gross-rent observations behind the rents component
- BLS Consumer Price Index (CPI), goods and services price relatives
- BLS Occupational Employment and Wage Statistics (OEWS), labor-driven services component
- HUD Fair Market Rents (FMR), 40th-percentile rent cross-reference
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.