Cost of Living: Sioux Falls, SD vs Richardson, TX (2026)

Sioux Falls

South Dakota
78
VS

Richardson

Texas
128

Sioux Falls is 39% cheaper than Richardson.

$993/mo ↓ 46%
Median Rent
$1,825/mo ↑ 84%
$74,714/yr ↓ 22%
Median Income
$96,257/yr ↑ 29%
$271,400 ↓ 33%
Home Value
$405,600 ↑ 49%
$1,122/mo ↓ 38%
Owner Costs
$1,796/mo ↑ 60%
197,642
Population
118,269

Tax Comparison

0%
Income Tax
0%
4.2%
State Sales Tax
6.25%
1.28%
Property Tax
1.6%

Affordability

15.9%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Sioux Falls, SD and Richardson, TX, the overall cost of living indices are 78 and 128 respectively (national median = 100). Rent is $832/month cheaper in Sioux Falls, saving renters about $9,984/year.

Median household income is $21,543/year higher in Richardson. Home values also differ significantly — the median in Sioux Falls is $271,400 compared to $405,600 in Richardson.

Frequently Asked Questions

Sioux Falls vs Richardson — common questions

Is Sioux Falls or Richardson cheaper to live in?
Based on our cost index, Sioux Falls is cheaper to live in with an index of 78 compared to 128 (US average = 100).
What is the rent difference between Sioux Falls and Richardson?
Median rent in Sioux Falls is $993/month and in Richardson it's $1,825/month — a difference of $832/month.
Which city has higher income, Sioux Falls or Richardson?
Median household income is $74,714 in Sioux Falls and $96,257 in Richardson. Median household income is $21,543/year higher in Richardson.
How do taxes compare between South Dakota and Texas?
South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Sioux Falls or Richardson?
It depends on your priorities. Sioux Falls has a cost index of 78 with median rent of $993/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Sioux Falls details → View Richardson details →

More Comparisons

Other cost of living comparisons for Sioux Falls and Richardson

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 Richardson vs. Billings Richardson vs. Cambridge Richardson vs. Wilmington Richardson vs. North Charleston Richardson vs. Spring Hill Richardson vs. Clearwater