Did the Cost of Living in Sioux Falls, SD increase in 2020? Sioux Falls, SD area prices were up 0.8% from a year ago. The largest increases were found in Transportation, Food, and Housing.
By using Salary.com's Cost of Living Calculator, you can make a cost of living comparison of the Consumer Price Index (CPI) and salary differentials of over 300+ US cities. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams!
About Sioux Falls, South Dakota Sioux Falls (/ˌsuː ˈfɔːlz/) (Lakota: Íŋyaŋ Okábleča Otȟúŋwahe; "Stone Shatter City") is the most populous city in the U.S. state of South Dakota and t....More
Based on this cost of living comparison, you can see:
If you move from Chicago IL, Dallas, TX, or Miami, FL, the percent increase of your cost of living could be 22.8%, 37.8%, and 24.8%. Looks like this move could have a negative net change in disposable income, so please think carefully!
If you move from New York, NY, San Francisco, CA, or Washington, DC, the percent reduction of your cost of living could be -43.50%, -23%, and -20.10%, that's good news to you that you could be looking at a positive net change in disposable income.
About Sioux Falls, SD
Sioux Falls (/ˌsuː ˈfɔːlz/) (Lakota: Íŋyaŋ Okábleča Otȟúŋwahe; "Stone Shatter City") is the most populous city in the U.S. state of South Dakota and the 143rd-most populous city in the United States. It is the county seat of Minnehaha County and also extends into Lincoln County to the south, proximate with the Minnesota state line. It is the 47th-fastest-growing city in the United States and the fastest-growing metro area in South Dakota, with a population increase of 22% between 2000 and 2010.
As of 2019, Sioux Falls had an estimated population of 187,200. The metropolitan population of 259,0...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Comments about the Cost of Living in Sioux Falls, SD
Will the cost of food in Sioux Falls, South Dakota impact the overall cost of living there?
Yes, cost of food is important as we all have to eat! There are ways to save money on your food expenses if you plan carefully. Check out stores like Costco or Walmart to buy items in bulk at a considerable savings. At different times of the year you can get local produce low prices at roadside stands or farmer’s markets. There are lots of ways to reduce food expenses and lower your overall cost of living in Sioux Falls, SD. (2020-07-27salary.com)
Are there good recreational opportunities in or near Sioux Falls, SD?
Sioux Falls, SD does not have a major sports team, but don’t worry, check out local colleges and high school sports schedules. These games usually have very cheap tickets and the spirit and enthusiasm of the crowd often makes up for the level of skill. (2020-07-27salary.com)
How much is the average price of internet in Sioux Falls, SD?
The average cost of internet access in the U.S. is $66.20 per month. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Pricing for various packages can vary a lot even in the same location. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. One tip to reduce this cost and your overall cost of living, is to get cable service from another source like Direct TV, Netflix, Sling, Amazon Prime or others. (2020-07-27salary.com)
I am moving with children, what should I do to make the move less stressful for them and myself?
Adults find that moving can sometimes be an emotional and stressful experience. Children, who don’t have the maturity, independence, and understanding of a parent may be even more sensitive to a move. If they are old enough to understand, include the children in making plans for the move. When moving to a distant place, help your children learn about the new area. Check out the website for Sioux Falls, South Dakota to find opportunities and activities in the new location like parks, beaches, museums, or playgrounds that kids will enjoy and look forward to visiting. (2020-07-27salary.com)
Electricity bills are a big part of my current cost of living and can be really high, what is the cost of electricity in Sioux Falls, South Dakota?
Electric costs in Sioux Falls,SD are currently lower than average when compared to other states. Since a year ago the price of electricity in South Dakota has gone down about 1.431%. Electric costs will contribute to the energy component of your overall cost of living. (2020-07-27salary.com)
What kind of child care is available in Sioux Falls, South Dakota and what is the cost?
The estimated average annual cost for child care in Sioux Falls, South Dakota (based on state average), is $5661. This cost is ranked NO. 48 nationally. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Some colleges and universities with Childhood Education programs also may have day care centers available at reduced costs, so you should explore those possibilities to see if you can reduce your child care expense. (2020-07-27salary.com)
Should I plan on spending a lot on rent in Sioux Falls,SD?
In Sioux Falls,SD, my friend pays $600 for a large 2 bedroom apartment. Since he has 2 children, he needs to have a large apartment. (2020-07-27salary.com)
Are there fun things to in Sioux Falls, South Dakota that are free or don’t cost a lot?
Looks for areas of Sioux Falls, South Dakota where there is a large student population. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat. Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your cost of living reasonable. Look at the website for Sioux Falls, SD to find recommendations for activities that are available and unique to the area. (2020-07-27salary.com)
Will I have to pay a lot in taxes if I move to Sioux Falls, South Dakota?
The sales tax for Sioux Falls is 4.5%. This is the tax that you will pay on things that you buy. (2020-07-27salary.com)
Can you save money using public transport?
You could save up to $1,000 per year, depending on your location, by using public transport instead of driving. Not only will you reduce the stress of driving and finding a place to park once you reach your destination, your car and tires will last longer, and you will spend less on gas. A side benefit is that you may be able to relax, work, or read on the way to work, or get to know and chat with other commuters. Some employers offer employees reduced fee bus or transit passes, so check that out with your employer. (2020-07-27salary.com)
Cost of Living Frequently Asked Questions
What is a Cost of Living index and how is it used?
In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family.
What factors are included in estimating your cost of living?
The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison.
The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly.