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

Sioux Falls

South Dakota
78
VS

Lakeland

Florida
82

Sioux Falls is 5% cheaper than Lakeland.

$993/mo ↓ 24%
Median Rent
$1,299/mo ↑ 31%
$74,714/yr ↑ 23%
Median Income
$60,947/yr ↓ 18%
$271,400 ↑ 18%
Home Value
$229,100 ↓ 16%
$1,122/mo ↓ 2%
Owner Costs
$1,149/mo ↑ 2%
197,642
Population
117,030

Tax Comparison

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

Affordability

15.9%
rent-to-income
Affordability
25.6%
rent-to-income

Detailed Comparison

When comparing Sioux Falls, SD and Lakeland, FL, the overall cost of living indices are 78 and 82 respectively (national median = 100). Rent is $306/month cheaper in Sioux Falls, saving renters about $3,672/year.

Median household income is $13,767/year higher in Sioux Falls. Home values also differ significantly — the median in Sioux Falls is $271,400 compared to $229,100 in Lakeland.

Frequently Asked Questions

Sioux Falls vs Lakeland — common questions

Is Sioux Falls or Lakeland cheaper to live in?
Based on our cost index, Sioux Falls is cheaper to live in with an index of 78 compared to 82 (US average = 100).
What is the rent difference between Sioux Falls and Lakeland?
Median rent in Sioux Falls is $993/month and in Lakeland it's $1,299/month — a difference of $306/month.
Which city has higher income, Sioux Falls or Lakeland?
Median household income is $74,714 in Sioux Falls and $60,947 in Lakeland. Median household income is $13,767/year higher in Sioux Falls.
How do taxes compare between South Dakota and Florida?
South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Sioux Falls or Lakeland?
It depends on your priorities. Sioux Falls has a cost index of 78 with median rent of $993/mo, while Lakeland has a cost index of 82 with rent of $1,299/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Sioux Falls details → View Lakeland details →

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