Cost of Living: Omaha, NE vs Sioux Falls, SD (2026)

Omaha

Nebraska
80
VS

Sioux Falls

South Dakota
78

Omaha and Sioux Falls have a similar cost of living.

$1,150/mo ↑ 16%
Median Rent
$993/mo ↓ 14%
$72,708/yr ↓ 3%
Median Income
$74,714/yr ↑ 3%
$230,100 ↓ 15%
Home Value
$271,400 ↑ 18%
$1,249/mo ↑ 11%
Owner Costs
$1,122/mo ↓ 10%
488,197
Population
197,642

Tax Comparison

6.64%
Income Tax
0%
5.5%
State Sales Tax
4.2%
1.73%
Property Tax
1.28%

Affordability

19.0%
rent-to-income
Affordability
15.9%
rent-to-income

Detailed Comparison

When comparing Omaha, NE and Sioux Falls, SD, the overall cost of living indices are 80 and 78 respectively (national median = 100). Rent is $157/month cheaper in Sioux Falls, saving renters about $1,884/year.

Median household income is $2,006/year higher in Sioux Falls. Home values also differ significantly — the median in Omaha is $230,100 compared to $271,400 in Sioux Falls.

South Dakota has no state income tax, giving Sioux Falls residents a significant tax advantage over Nebraska's 6.64% rate.

Frequently Asked Questions

Omaha vs Sioux Falls — common questions

Is Omaha 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 80 (US average = 100).
What is the rent difference between Omaha and Sioux Falls?
Median rent in Omaha is $1,150/month and in Sioux Falls it's $993/month — a difference of $157/month.
Which city has higher income, Omaha or Sioux Falls?
Median household income is $72,708 in Omaha and $74,714 in Sioux Falls. Median household income is $2,006/year higher in Sioux Falls.
How do taxes compare between Nebraska and South Dakota?
Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax. South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax.
Should I move to Omaha or Sioux Falls?
It depends on your priorities. Omaha has a cost index of 80 with median rent of $1,150/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 Omaha details → View Sioux Falls details →

More Comparisons

Other cost of living comparisons for Omaha and Sioux Falls

Omaha vs. Atlanta Omaha vs. Colorado Springs Omaha vs. Mesa Omaha vs. Raleigh Omaha vs. Kansas City Omaha vs. Long Beach Sioux Falls vs. Grand Rapids Sioux Falls vs. Overland Park Sioux Falls vs. Montgomery Sioux Falls vs. Huntington Beach Sioux Falls vs. Grand Prairie Sioux Falls vs. Peoria