Sioux Falls appears affordable relative to its own citywide benchmarks: median gross rent ($1,035/month) represents about 16.3% of median monthly household income ($6,331), which is below the common 30% affordability threshold. However, this reflects citywide averages and does not capture neighborhood-level variation in costs or income.
Sioux Falls at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $27,420. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 201,469 |
| 2024 ACS median household income | $75,970 |
| 2024 ACS median gross rent | $1,035 |
| 2024 ACS median owner-occupied home value | $292,400 |
| Derived one-way commute estimate | 18 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 16% |
The trade-off
Relative strength: Rent-to-income ratio is favorable at 16.3%.. Watch closely: affordability varies by neighborhood; citywide data masks local disparities..
Compare Sioux Falls
Frequently asked questions
Is Sioux Falls affordable for renters?
Based on citywide ACS data, median gross rent is $1,035 per month, which is about 16.3% of median monthly household income. This suggests affordability at the city level, but actual costs vary by neighborhood and unit type.
What is the median home value in Sioux Falls?
The 2024 ACS 5-year estimate for median owner-occupied home value in Sioux Falls is $292,400. This reflects citywide averages and does not indicate values in specific neighborhoods or recent market changes.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.