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

Sioux Falls

South Dakota
78
VS

Waco

Texas
72

Sioux Falls is 8% more expensive than Waco.

$993/mo ↓ 10%
Median Rent
$1,098/mo ↑ 11%
$74,714/yr ↑ 45%
Median Income
$51,468/yr ↓ 31%
$271,400 ↑ 36%
Home Value
$199,600 ↓ 26%
$1,122/mo ↑ 3%
Owner Costs
$1,094/mo ↓ 2%
197,642
Population
141,925

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
25.6%
rent-to-income

Detailed Comparison

When comparing Sioux Falls, SD and Waco, TX, the overall cost of living indices are 78 and 72 respectively (national median = 100). Rent is $105/month cheaper in Sioux Falls, saving renters about $1,260/year.

Median household income is $23,246/year higher in Sioux Falls. Home values also differ significantly — the median in Sioux Falls is $271,400 compared to $199,600 in Waco.

Frequently Asked Questions

Sioux Falls vs Waco — common questions

Is Sioux Falls or Waco cheaper to live in?
Based on our cost index, Waco is cheaper to live in with an index of 72 compared to 78 (US average = 100).
What is the rent difference between Sioux Falls and Waco?
Median rent in Sioux Falls is $993/month and in Waco it's $1,098/month — a difference of $105/month.
Which city has higher income, Sioux Falls or Waco?
Median household income is $74,714 in Sioux Falls and $51,468 in Waco. Median household income is $23,246/year higher in Sioux Falls.
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 Waco?
It depends on your priorities. Sioux Falls has a cost index of 78 with median rent of $993/mo, while Waco has a cost index of 72 with rent of $1,098/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Sioux Falls details → View Waco details →

More Comparisons

Other cost of living comparisons for Sioux Falls and Waco

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