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: $273000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 95.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $71785

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Sioux falls, SD, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.