Memphis, TN vs Sioux Falls, SD: 68 vs 78

$1,123/mo ↑ 13%

Median Rent

$993/mo ↓ 12%

$51,211/yr ↓ 31%

Median Income

$74,714/yr ↑ 46%

$157,100 ↓ 42%

Home Value

$271,400 ↑ 73%

$1,087/mo ↓ 3%

Owner Costs

$1,122/mo ↑ 3%

629,063

Population

197,642

Detailed Comparison

When comparing Memphis, TN and Sioux Falls, SD, the overall cost of living indices are 68 and 78 respectively (national median = 100). Rent is $130/month cheaper in Sioux Falls, saving renters about $1,560/year.

Median household income is $23,503/year higher in Sioux Falls. Home values also differ significantly — the median in Memphis is $157,100 compared to $271,400 in Sioux Falls.

Frequently Asked Questions

Memphis vs Sioux Falls — common questions

Is Memphis or Sioux Falls cheaper to live in?

Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 78 (US average = 100).

What is the rent difference between Memphis and Sioux Falls?

Median rent in Memphis is $1,123/month and in Sioux Falls it's $993/month — a difference of $130/month.

Which city has higher income, Memphis or Sioux Falls?

Median household income is $51,211 in Memphis and $74,714 in Sioux Falls. Median household income is $23,503/year higher in Sioux Falls.

How do taxes compare between Tennessee and South Dakota?

Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax.

Should I move to Memphis or Sioux Falls?

It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/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.

Cost of Living: Memphis, TN vs Sioux Falls, SD (2026)

Memphis

Sioux Falls

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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