Cost of Living: Minneapolis, MN vs Sioux Falls, SD (2026)

Minneapolis

Minnesota
102
VS

Sioux Falls

South Dakota
78

Minneapolis is 31% more expensive than Sioux Falls.

$1,329/mo ↑ 34%
Median Rent
$993/mo ↓ 25%
$80,269/yr ↑ 7%
Median Income
$74,714/yr ↓ 7%
$345,600 ↑ 27%
Home Value
$271,400 ↓ 21%
$1,513/mo ↑ 35%
Owner Costs
$1,122/mo ↓ 26%
426,845
Population
197,642

Tax Comparison

9.85%
Income Tax
0%
6.875%
State Sales Tax
4.2%
1.11%
Property Tax
1.28%

Affordability

19.9%
rent-to-income
Affordability
15.9%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Sioux Falls, SD, the overall cost of living indices are 102 and 78 respectively (national median = 100). Rent is $336/month cheaper in Sioux Falls, saving renters about $4,032/year.

Median household income is $5,555/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $271,400 in Sioux Falls.

South Dakota has no state income tax, giving Sioux Falls residents a significant tax advantage over Minnesota's 9.85% rate.

Frequently Asked Questions

Minneapolis vs Sioux Falls — common questions

Is Minneapolis 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 102 (US average = 100).
What is the rent difference between Minneapolis and Sioux Falls?
Median rent in Minneapolis is $1,329/month and in Sioux Falls it's $993/month — a difference of $336/month.
Which city has higher income, Minneapolis or Sioux Falls?
Median household income is $80,269 in Minneapolis and $74,714 in Sioux Falls. Median household income is $5,555/year higher in Minneapolis.
How do taxes compare between Minnesota and South Dakota?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax.
Should I move to Minneapolis or Sioux Falls?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/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 Minneapolis details → View Sioux Falls details →

More Comparisons

Other cost of living comparisons for Minneapolis and Sioux Falls

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