Cost of Living in Sioux falls, SD
Housing
The housing market plays a significant role in determining the cost of living in Sioux falls, SD.
- Housing Index: 90.0 / 100
- Median Home Price is: $273,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
When considering a move to Sioux falls, SD, it's important to note that the housing index of 90.0 indicates a favorable buying market compared to the national average. The median home price of 273000 paired with an average rent for a 2-bedroom apartment at 1200 suggests that purchasing a home may be financially advantageous, especially for long-term residents. Additionally, the average rent for a 2-bedroom house at 1280 provides reasonable alternatives for renters. Overall, Sioux falls offers diverse housing options conducive to varying lifestyles.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sioux falls, SD.
- Electricity Price: $14.15 USD (median by state)
- Natural Gas Price: $10.63 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Sioux falls, SD could entail higher utility costs. Electricity costs sit at $14.15, while natural gas is priced at $10.63 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Sioux falls is a financially viable option for your relocation.