Cost of Living: Miami, FL vs Sioux Falls, SD (2026)

Miami

Florida
129
VS

Sioux Falls

South Dakota
78

Miami is 65% more expensive than Sioux Falls.

$1,657/mo ↑ 67%
Median Rent
$993/mo ↓ 40%
$59,390/yr ↓ 21%
Median Income
$74,714/yr ↑ 26%
$475,200 ↑ 75%
Home Value
$271,400 ↓ 43%
$1,666/mo ↑ 48%
Owner Costs
$1,122/mo ↓ 33%
446,663
Population
197,642

Tax Comparison

0%
Income Tax
0%
6.0%
State Sales Tax
4.2%
0.86%
Property Tax
1.28%

Affordability

33.5%
rent-to-income
Affordability
15.9%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Sioux Falls, SD, the overall cost of living indices are 129 and 78 respectively (national median = 100). Rent is $664/month cheaper in Sioux Falls, saving renters about $7,968/year.

Median household income is $15,324/year higher in Sioux Falls. Home values also differ significantly — the median in Miami is $475,200 compared to $271,400 in Sioux Falls.

Frequently Asked Questions

Miami vs Sioux Falls — common questions

Is Miami 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 129 (US average = 100).
What is the rent difference between Miami and Sioux Falls?
Median rent in Miami is $1,657/month and in Sioux Falls it's $993/month — a difference of $664/month.
Which city has higher income, Miami or Sioux Falls?
Median household income is $59,390 in Miami and $74,714 in Sioux Falls. Median household income is $15,324/year higher in Sioux Falls.
How do taxes compare between Florida and South Dakota?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax.
Should I move to Miami or Sioux Falls?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/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 Miami details → View Sioux Falls details →

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