Can A Real Estate Agent Afford Rent in Sioux Falls, SD?
Comfortably affordable — rent takes 27.6% of gross income.
Sioux Falls rent: June 2026. Salary: BLS OEWS May 2024 (South Dakota state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These South Dakota cities have lower median rent than Sioux Falls, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Sioux Falls
View full rent data for Sioux Falls, SD →Frequently asked questions
Can a real estate agent afford rent in Sioux Falls, SD?
Median rent in Sioux Falls is $1,327 a month. A typical real estate agent in South Dakota earns about $57,710 a year, which makes that rent 27.6% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a real estate agent afford in Sioux Falls?
Using the 30% rule, a real estate agent salary in South Dakota (~$57,710/yr) supports up to $1,443 a month in rent. Sioux Falls's current median rent is $1,327/mo, which leaves a $116/mo buffer.
How many hours does a real estate agent work to cover rent in Sioux Falls?
At an hourly equivalent of about $28 an hour, a real estate agent in South Dakota works roughly 47.8 hours a month to cover Sioux Falls's median rent of $1,327.
Where is rent cheaper than Sioux Falls for a real estate agent?
Nearby South Dakota cities with lower median rent include Brookings ($1,317/mo), Box Elder ($1,313/mo), Tea ($1,309/mo). Each shifts the affordability math materially on a real estate agent salary.