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

Sioux Falls

South Dakota
78
VS

Palm Bay

Florida
91

Sioux Falls is 14% cheaper than Palm Bay.

$993/mo ↓ 33%
Median Rent
$1,487/mo ↑ 50%
$74,714/yr ↑ 11%
Median Income
$67,521/yr ↓ 10%
$271,400 ↑ 9%
Home Value
$248,000 ↓ 9%
$1,122/mo ↓ 7%
Owner Costs
$1,203/mo ↑ 7%
197,642
Population
125,273

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
26.4%
rent-to-income

Detailed Comparison

When comparing Sioux Falls, SD and Palm Bay, FL, the overall cost of living indices are 78 and 91 respectively (national median = 100). Rent is $494/month cheaper in Sioux Falls, saving renters about $5,928/year.

Median household income is $7,193/year higher in Sioux Falls. Home values also differ significantly — the median in Sioux Falls is $271,400 compared to $248,000 in Palm Bay.

Frequently Asked Questions

Sioux Falls vs Palm Bay — common questions

Is Sioux Falls or Palm Bay cheaper to live in?
Based on our cost index, Sioux Falls is cheaper to live in with an index of 78 compared to 91 (US average = 100).
What is the rent difference between Sioux Falls and Palm Bay?
Median rent in Sioux Falls is $993/month and in Palm Bay it's $1,487/month — a difference of $494/month.
Which city has higher income, Sioux Falls or Palm Bay?
Median household income is $74,714 in Sioux Falls and $67,521 in Palm Bay. Median household income is $7,193/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 Palm Bay?
It depends on your priorities. Sioux Falls has a cost index of 78 with median rent of $993/mo, while Palm Bay has a cost index of 91 with rent of $1,487/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Sioux Falls details → View Palm Bay details →

More Comparisons

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