Cost of Living: Colorado Springs, CO vs Sioux Falls, SD (2026)

Colorado Springs

Colorado
119
VS

Sioux Falls

South Dakota
78

Colorado Springs is 53% more expensive than Sioux Falls.

$1,562/mo ↑ 57%
Median Rent
$993/mo ↓ 36%
$83,198/yr ↑ 11%
Median Income
$74,714/yr ↓ 10%
$420,700 ↑ 55%
Home Value
$271,400 ↓ 35%
$1,592/mo ↑ 42%
Owner Costs
$1,122/mo ↓ 30%
483,099
Population
197,642

Tax Comparison

4.4%
Income Tax
0%
2.9%
State Sales Tax
4.2%
0.51%
Property Tax
1.28%

Affordability

22.5%
rent-to-income
Affordability
15.9%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and Sioux Falls, SD, the overall cost of living indices are 119 and 78 respectively (national median = 100). Rent is $569/month cheaper in Sioux Falls, saving renters about $6,828/year.

Median household income is $8,484/year higher in Colorado Springs. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $271,400 in Sioux Falls.

South Dakota has no state income tax, giving Sioux Falls residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

Colorado Springs vs Sioux Falls — common questions

Is Colorado Springs or Sioux Falls cheaper to live in?
Based on our cost index, Sioux Falls is cheaper to live in with an index of 78 compared to 119 (US average = 100).
What is the rent difference between Colorado Springs and Sioux Falls?
Median rent in Colorado Springs is $1,562/month and in Sioux Falls it's $993/month — a difference of $569/month.
Which city has higher income, Colorado Springs or Sioux Falls?
Median household income is $83,198 in Colorado Springs and $74,714 in Sioux Falls. Median household income is $8,484/year higher in Colorado Springs.
How do taxes compare between Colorado and South Dakota?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax.
Should I move to Colorado Springs or Sioux Falls?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/mo, while Sioux Falls has a cost index of 78 with rent of $993/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Colorado Springs details → View Sioux Falls details →

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