How much rent can you afford in Sioux Falls, SD?
Run your salary against Sioux Falls's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Sioux Falls
At a median rent of $1,327/mo, Sioux Falls is very affordable when measured against Sioux Falls median household income of $75,970/yr. Rent would consume roughly 21% of pre-tax income, and a salary of about $53,080 keeps rent at the recommended 30% threshold.
How Sioux Falls compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Sioux Falls?
On a $75,970 salary (the Sioux Falls median household income), the recommended ceiling is 30% of pre-tax income, or about $1,899/mo. Sioux Falls's median rent is $1,327/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Sioux Falls?
To keep Sioux Falls's $1,327/mo median rent under 30% of income, you'd need about $53,080/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Sioux Falls affordable on the median South Dakota income?
Sioux Falls is very affordable on a $75,970 income. Rent would take 21% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".