Cost of Living: Sioux Falls, SD vs Lakewood, CO (2026)

Sioux Falls

South Dakota
78
VS

Lakewood

Colorado
141

Sioux Falls is 45% cheaper than Lakewood.

$993/mo ↓ 43%
Median Rent
$1,746/mo ↑ 76%
$74,714/yr ↓ 13%
Median Income
$85,789/yr ↑ 15%
$271,400 ↓ 50%
Home Value
$548,200 ↑ 102%
$1,122/mo ↓ 35%
Owner Costs
$1,729/mo ↑ 54%
197,642
Population
156,309

Tax Comparison

0%
Income Tax
4.4%
4.2%
State Sales Tax
2.9%
1.28%
Property Tax
0.51%

Affordability

15.9%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing Sioux Falls, SD and Lakewood, CO, the overall cost of living indices are 78 and 141 respectively (national median = 100). Rent is $753/month cheaper in Sioux Falls, saving renters about $9,036/year.

Median household income is $11,075/year higher in Lakewood. Home values also differ significantly — the median in Sioux Falls is $271,400 compared to $548,200 in Lakewood.

South Dakota has no state income tax, giving Sioux Falls residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

Sioux Falls vs Lakewood — common questions

Is Sioux Falls or Lakewood cheaper to live in?
Based on our cost index, Sioux Falls is cheaper to live in with an index of 78 compared to 141 (US average = 100).
What is the rent difference between Sioux Falls and Lakewood?
Median rent in Sioux Falls is $993/month and in Lakewood it's $1,746/month — a difference of $753/month.
Which city has higher income, Sioux Falls or Lakewood?
Median household income is $74,714 in Sioux Falls and $85,789 in Lakewood. Median household income is $11,075/year higher in Lakewood.
How do taxes compare between South Dakota and Colorado?
South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Sioux Falls or Lakewood?
It depends on your priorities. Sioux Falls has a cost index of 78 with median rent of $993/mo, while Lakewood has a cost index of 141 with rent of $1,746/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Sioux Falls details → View Lakewood details →

More Comparisons

Other cost of living comparisons for Sioux Falls and Lakewood

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 Lakewood vs. Macon Lakewood vs. Killeen Lakewood vs. Alexandria Lakewood vs. Kansas City Lakewood vs. Murfreesboro Lakewood vs. Springfield