Sioux Falls, SD at a glance
Median household income
$75,970$6,331 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Sioux Falls, SD?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Sioux Falls, SD? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Sioux Falls, SD HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $865 | $10,380 | $34,600 | 13.7% |
| 1-Bedroom Apartment | $986 | $11,832 | $39,440 | 15.6% |
| 2-Bedroom ApartmentBenchmark | $1,156 | $13,872 | $46,240 | 18.3% |
| 3-Bedroom Home | $1,586 | $19,032 | $63,440 | 25.1% |
| 4-Bedroom Home | $1,939 | $23,268 | $77,560 | 30.6% |
What a typical income covers in Sioux Falls, SD
The 50/30/20 rule applied to the local median of $75,970 a year ($6,331 a month before tax).
What $75,970 leaves after South Dakota taxes
Federal income tax, Social Security, Medicare and South Dakota tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in South Dakota
Living in Sioux Falls, SD: common questions
What is the median household income in Sioux Falls, SD?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Sioux Falls, SD is $75,970 per year (approximately $6,331 per month).
What is the average rent in Sioux Falls, SD?
The closest official figure is HUD's Fair Market Rent for 2026: $865 for a studio, $986 for one bedroom, $1,156 for two, $1,586 for three and $1,939 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Sioux Falls, SD expensive to live in?
Prices there run 9.4% below the U.S. average. BEA's regional price parity for the metro area is 90.6, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Sioux Falls, SD?
To keep a $1,156 two-bedroom under 30% of gross income, a household needs about $46,240 a year, or $3,853 a month. That is 61% of what the typical household in Sioux Falls, SD earns.
How much do you need to live comfortably in Sioux Falls, SD?
On the local median income of $75,970 ($6,331 a month before tax), the 50/30/20 rule leaves $3,165 a month for needs like rent, utilities and groceries, $1,899 for everything else and $1,266 for savings or debt. A two-bedroom at $1,156 takes 37% of the needs share.
How much is the electric bill in Sioux Falls, SD?
Homes in South Dakota paid 15.4¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $138. Your bill depends mostly on heating and cooling.