The cost of living in Sioux Falls is 6% lower than the national average
Sioux Falls housing is 15% lower than the national average
South Dakota general sales tax is 21% lower than the national average
South Dakota state income tax is 100% lower than the national average
There's nothing like the smell of a brand new house, and in Sioux Falls, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Sioux Falls, and putting down their money on brand new construction. Sioux Falls’s real estate is, on average, some of the newest in the nation. Sioux Falls does seem to be experiencing an influx of affluent people, because the median household income is $87,465.00.
Sioux Falls is a decidedly white-collar city, with fully 88.72% of the workforce employed in white-collar jobs, well above the national average. Overall, Sioux Falls is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Sioux Falls who work in healthcare (14.76%), management occupations (13.32%), and sales jobs (12.66%).
Also of interest is that Sioux Falls has more people living here who work in computers and math than 95% of the places in the US.