Minnehaha County · South Dakota · Midwest · 201k residents
Sioux Falls, SD: economy, jobs & business costs
The site-selection read on Sioux Falls: labor costs, talent, corporate tax, energy, and business activity, with the South Dakota median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,287/wk. South Dakota's corporate income tax rate is 0%. Commercial electricity averages 10.5¢/kWh.
Compare Sioux Falls side by side
Avg. weekly wage
$1,287/wk
Corporate income tax
0%
Bachelor's degree or higher
38.1%
Commercial electricity
10.5¢/kWh
Economic momentum
How fast Sioux Falls's economy is moving, ranked against the US cities we track.
57/100
Steady
Ranks Sioux Falls's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $292,400 |
| Price per sq. ft. | $185 |
| Property tax rate | 1.17% |
| 1-bedroom rent | $890/mo |
| 2-bedroom rent | $1,060/mo |
| State & local income tax | 0% |
| Sales tax | 6.1% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,287/wk |
| Bachelor's degree or higher | 38.1% |
| Commercial electricity | 10.5¢/kWh |
| Businesses per 1k residents | 48.4/1k |
| Wage: Software developer | $101,040 |
| Wage: Registered nurse | $75,350 |
| Wage: General manager | $142,730 |
| Wage: Customer service | $43,850 |
| Wage: Warehouse worker | $37,650 |
| Wage: Heavy truck driver | $60,820 |
| Wage: Electrician | $61,470 |
| Wage: Retail salesperson | $34,600 |
| Cost of living index | 85 |
| Groceries index | 96 |
| Utilities | $140/mo |
| Transit pass | $35/mo |
| Gas price | $3.10/gal |
| Healthcare index | 96 |
| Childcare (per child) | $800/mo |
| Median household income | $75,970 |
| Unemployment rate | 2% |
| Population | 201k |
| Crime index | 42/100 |
| School rating | 6.0/10 |
| Walkability | 38/100 |
| Disaster risk | 90/100 |
| Avg. commute | 17 min |
| Sunny days / year | 210 days |
| July high | 85°F |
| January low | 9°F |
| Annual snowfall | 45 in |
| Home price YoY | +1.5% |
| Home price MoM | -0.1% |
| Rent YoY | +4.4% |
| Rent MoM | +0.3% |
| Employment (jobs) YoY | +0.9% |
| Building permits YoY | -13.4% |
| Ocean coast | 961 mi |
| Big lake | 121 mi |
| Mountains | 341 mi |
| Major airport | < 3 mi |
| Ski resort | 307 mi |
Popular comparisons
Nearby
- Brookings, SD · 24k
- Yankton, SD · 16k
- Mitchell, SD · 16k
- Watertown, SD · 23k
- Aberdeen, SD · 28k
Similar size
- Rapid City, SD · 78k
Real listings in Sioux Falls
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Sioux Falls a good place to run a business?
- South Dakota's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,287/wk; commercial electricity averages 10.5¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Sioux Falls, SD?
- Sioux Falls indexes at 85 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,060/mo and a acs median home value of $292,400.
- How much does a house cost in Sioux Falls?
- The acs median home value in Sioux Falls is $292,400 (Census ACS estimate; individual listings vary).
- How much is rent in Sioux Falls?
- A two-bedroom in Sioux Falls rents for about $1,060/mo.