Sioux Falls among the Most Affordable, Fast-Growing U.S. Cities

2023 continues to be a banner year for the economics of living in South Dakota's largest city.

For the third time since August, a national website has Sioux Falls highly ranked for affordability among the 200 largest cities in America.

The latest recognition comes from GOBankingRates, which analyzed the 2022 American Community Survey and has Sioux Falls in the number two spot on a list of the most affordable and fast-growing U.S. cities.

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After looking at population changes in recent years, the median household income, the average rent, the average home values, and the overall cost of living, Sioux Falls checks in right behind Kileen, Texas at the top of the list.

According to the report, the city has experienced a five-year population growth rate of 13.5% with an average home price of $312,000. Sioux Falls' total expenditures amount to over $66,000, which is about $7,000 below the national average.

Also notable, Sioux Falls is the only city in the top five not located in the South.

MOST AFFORDABLE, FAST-GROWING CITIES IN THE U.S.

Killeen, Texas
Sioux Falls, South Dakota
Clarksville, Tennessee
Oklahoma City, Oklahoma
Lubbock, Texas
Huntsville, Alabama
Kansas City, Missouri
Greensboro, North Carolina
Gainesville, Florida
Winston-Salem, North Carolina

In August, Sioux Falls was named as the Least Expensive Metro Area for Renters in all 50 states.

Then in October, Empower recognized South Dakota's largest city as the Most Affordable City in America for Working Adults.

Sioux Falls Restaurant Lands a Spot on the Food Network’s Best Burrito List

Gallery Credit: Jeff Harkness/B1027.com

The 10 Largest Occupations in Sioux Falls

Where do people in Sioux Falls work? If this was fifty years ago the average Sioux Fallsian worked in some industrial, meat packing, or farm-related position. Sioux Falls has also been the major regional medical center for decades.

Customer service and other retail-related jobs have always been a part of the Sioux Empire's economy. But in recent years those industries have become major employers.

If you live in Sioux Falls, there's a pretty good chance you work one of these jobs. According to the US Bureau of Labor Statistics, these are the top 10 largest occupations in Sioux Falls (as of 2022).

Gallery Credit: Ben Kuhns

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Sioux Falls is a special place. There is really no place else in the world quite like it. It is a unique spot of shining joy on the edge of the plains. But, if someone is planning to move here, there are a few things to know...

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