Cost of Living: New York, NY vs Sioux Falls, SD (2026)

New York

New York
166
VS

Sioux Falls

South Dakota
78

New York is 113% more expensive than Sioux Falls.

$1,779/mo ↑ 79%
Median Rent
$993/mo ↓ 44%
$79,713/yr ↑ 7%
Median Income
$74,714/yr ↓ 6%
$751,700 ↑ 177%
Home Value
$271,400 ↓ 64%
$1,837/mo ↑ 64%
Owner Costs
$1,122/mo ↓ 39%
8,516,202
Population
197,642

Tax Comparison

10.9%
Income Tax
0%
4.0%
State Sales Tax
4.2%
1.62%
Property Tax
1.28%

Affordability

26.8%
rent-to-income
Affordability
15.9%
rent-to-income

Detailed Comparison

When comparing New York, NY and Sioux Falls, SD, the overall cost of living indices are 166 and 78 respectively (national median = 100). Rent is $786/month cheaper in Sioux Falls, saving renters about $9,432/year.

Median household income is $4,999/year higher in New York. Home values also differ significantly — the median in New York is $751,700 compared to $271,400 in Sioux Falls.

South Dakota has no state income tax, giving Sioux Falls residents a significant tax advantage over New York's 10.9% rate.

Frequently Asked Questions

New York vs Sioux Falls — common questions

Is New York 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 166 (US average = 100).
What is the rent difference between New York and Sioux Falls?
Median rent in New York is $1,779/month and in Sioux Falls it's $993/month — a difference of $786/month.
Which city has higher income, New York or Sioux Falls?
Median household income is $79,713 in New York and $74,714 in Sioux Falls. Median household income is $4,999/year higher in New York.
How do taxes compare between New York and South Dakota?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax.
Should I move to New York or Sioux Falls?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/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 New York details → View Sioux Falls details →

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