Sioux Falls, SD
Population 197,642 · South Dakota
About Sioux Falls, SD
Sioux Falls is a major city located in South Dakota with a population of 197,642 residents according to the latest US Census Bureau American Community Survey data. The median household income is $74,714 per year, which is 1% below the national median of $75,149. The median age of 35.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Sioux Falls features a median home value of $271,400, which is 11% above the national median of $244,900. This positions Sioux Falls in a moderately priced market relative to the rest of the country. Median monthly rent is $993, 15% below the national average of $1,163/month. Of the 87,121 total housing units, 60% are owner-occupied (49,677 units) and 40% are renter-occupied (33,159 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Sioux Falls shows an unemployment rate of 2.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Sioux Falls have an average one-way commute time of 17 minutes, one of the shorter commutes in the region.
Education & Demographics
37.4% of Sioux Falls residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.7% White, 3.7% Hispanic or Latino, 0.3% Black or African American, and 3.3% Asian residents, with 9.0% of the population being foreign-born.
How Sioux Falls Ranks in South Dakota
Cost of Living in Sioux Falls, SD
Compared to national averages, Sioux Falls has a median household income of $74,714 (1% below the national median of $75,149). Home values average $271,400, which is 11% above the national median. Monthly rent at $993 is 15% below the US average of $1,163. Within South Dakota, Sioux Falls's income is 16% above the state average of $64,650, and home values are 89% above the state median of $143,757.
Why Live in Sioux Falls, SD?
Sioux Falls offers rent that’s lower than the national average at $993/month, and a strong job market with an unemployment rate of just 2.3%, and a well-educated community where 37.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 9.6%, better than the national average, and short commute times averaging just 17 minutes.
Potential considerations include median household income ($74,714) that falls below the national average. However, as a major city, Sioux Falls provides access to a wide range of amenities and services.
Sioux Falls has a population of 197,642 with a median age of 35.1 years. Compare Sioux Falls with other cities to see how it stacks up, or explore all cities in South Dakota.
Similar Cities Near Sioux Falls
Cities in South Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rapid City | 76,836 | $65,712 | $270,000 | Compare |
| Aberdeen | 28,297 | $63,715 | $205,500 | Compare |
| Brookings | 23,710 | $61,979 | $243,600 | Compare |
| Watertown | 22,859 | $62,721 | $212,300 | Compare |
| Mitchell | 15,637 | $56,374 | $182,000 | Compare |
| Yankton | 15,501 | $69,071 | $202,300 | Compare |
| Huron | 14,347 | $51,556 | $164,700 | Compare |
| Pierre | 14,008 | $74,053 | $219,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Sioux Falls With Other Cities
Frequently Asked Questions about Sioux Falls
What is the population of Sioux Falls, SD?
The population of Sioux Falls, SD is 197,642 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in South Dakota.
What is the median household income in Sioux Falls?
The median household income in Sioux Falls, SD is $74,714 per year, which is 1% below the national median of $75,149.
What is the median home value in Sioux Falls?
The median home value in Sioux Falls, SD is $271,400, which is 11% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Sioux Falls?
The median monthly rent in Sioux Falls, SD is $993, which is 15% below the national average of $1,163/month.
What is the unemployment rate in Sioux Falls?
The unemployment rate in Sioux Falls, SD is 2.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Sioux Falls, SD a good place to live?
Sioux Falls offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 197,642 and a median age of 35.1, the city appeals to a broad range of residents.
How educated is Sioux Falls, SD?
37.4% of residents in Sioux Falls aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Sioux Falls?
Key cost-of-living indicators for Sioux Falls, SD: median home value is $271,400 (11% above national), median rent is $993/month, and median household income is $74,714. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Sioux Falls?
The poverty rate in Sioux Falls, SD is 9.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Sioux Falls, SD?
Sioux Falls's population is 2.7% White, 3.7% Hispanic or Latino, 0.3% Black or African American, 3.3% Asian, and 6.9% two or more races. 9.0% of residents are foreign-born.