Cost of Living: Sioux Falls, SD vs Independence, MO (2026)

Sioux Falls

South Dakota
78
VS

Independence

Missouri
67

Sioux Falls is 16% more expensive than Independence.

$993/mo ↓ 6%
Median Rent
$1,061/mo ↑ 7%
$74,714/yr ↑ 26%
Median Income
$59,480/yr ↓ 20%
$271,400 ↑ 63%
Home Value
$166,400 ↓ 39%
$1,122/mo ↑ 7%
Owner Costs
$1,046/mo ↓ 7%
197,642
Population
121,944

Tax Comparison

0%
Income Tax
4.95%
4.2%
State Sales Tax
4.225%
1.28%
Property Tax
0.93%

Affordability

15.9%
rent-to-income
Affordability
21.4%
rent-to-income

Detailed Comparison

When comparing Sioux Falls, SD and Independence, MO, the overall cost of living indices are 78 and 67 respectively (national median = 100). Rent is $68/month cheaper in Sioux Falls, saving renters about $816/year.

Median household income is $15,234/year higher in Sioux Falls. Home values also differ significantly — the median in Sioux Falls is $271,400 compared to $166,400 in Independence.

South Dakota has no state income tax, giving Sioux Falls residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

Sioux Falls vs Independence — common questions

Is Sioux Falls or Independence cheaper to live in?
Based on our cost index, Independence is cheaper to live in with an index of 67 compared to 78 (US average = 100).
What is the rent difference between Sioux Falls and Independence?
Median rent in Sioux Falls is $993/month and in Independence it's $1,061/month — a difference of $68/month.
Which city has higher income, Sioux Falls or Independence?
Median household income is $74,714 in Sioux Falls and $59,480 in Independence. Median household income is $15,234/year higher in Sioux Falls.
How do taxes compare between South Dakota and Missouri?
South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to Sioux Falls or Independence?
It depends on your priorities. Sioux Falls has a cost index of 78 with median rent of $993/mo, while Independence has a cost index of 67 with rent of $1,061/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Sioux Falls details → View Independence details →

More Comparisons

Other cost of living comparisons for Sioux Falls and Independence

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 Independence vs. College Station Independence vs. Rochester Independence vs. Clovis Independence vs. Lafayette Independence vs. Arvada Independence vs. Ann Arbor