Photo by Solen Feyissa on Unsplash (https://unsplash.com/@solenfeyissa)
Sioux Falls, South Dakota Retirement Guide
Retirement Score
Sioux Falls, South Dakota at a Glance
- Median Home Price
- $274,600
- State Income Tax
- No state income tax; Social Security and pension income fully exempt.
- Avg January Low
- 9.7°F
- Cost of Living Index
- 87.9 (US avg = 100)
- RetireCityIQ Score
- 62 / 100
Overview
Explore the key retirement factors for Sioux Falls, South Dakota, including cost of living, taxes, healthcare quality, and climate data.
Cost of Living
Affordability Metrics
Sioux Falls's cost of living is 12.099999999999994% below the national average. For a detailed breakdown of expenses, see our cost of living methodology.
Housing
Real Estate & Housing
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Sioux Falls using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$595
Stress-case monthly carrying cost
$668
Median home price used: $274,600
Median rent reference: $966 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.
Budget validation
Calculate if your savings last in this city
Use RetireFree to test whether your portfolio can support retirement in Sioux Falls, South Dakota after local housing costs, taxes, healthcare, inflation, and withdrawal timing.
Open the RetireFree Calculator →Healthcare
Access & Quality
Quality of care and specialist availability are critical for a successful retirement. Sioux Falls scores 36.5 out of 100 for healthcare access.
Care planning link
Find local assisted living in Sioux Falls
If your city research includes aging parents, future care needs, or a move closer to family, compare local care options alongside housing and healthcare access.
Assisted living in Sioux Falls →Taxes
State Tax Climate
South Dakota has a tax environment that is highly favorable for retirees.
Climate
Weather & Environment
With 295 sunny days a year and an average January low of 9.7°F, Sioux Falls offers a traditional winter climate.
Safety & Walkability
Community Safety
Walkability
Demographics
Population Profile
Diversity Breakdown
Frequently asked questions about retiring in Sioux Falls
What is the cost of living in Sioux Falls, South Dakota for retirees?▾
The cost-of-living index is 88, roughly 12% below the national average of 100. Median home price is around $274,600.
Does South Dakota tax Social Security or retirement income?▾
For South Dakota residents: No state income tax; Social Security and pension income fully exempt.
What is the climate like in Sioux Falls, South Dakota?▾
Sioux Falls, South Dakota has January average low around 10°F, July average high around 84°F. Climate normals are based on 30-year averages from NOAA's National Centers for Environmental Information.
What is healthcare access like in Sioux Falls, South Dakota?▾
Sioux Falls scores 37/100 on the RetireCityIQ healthcare access index — a adequate score. The index combines CMS hospital quality ratings, Medicare Advantage plan availability, and hospitals per 100,000 residents (KFF + CMS data).
Local Professionals
Financial Advisors
LAUER CAPITAL MANAGEMENT LTD
ELGETHUN CAPITAL MANAGEMENT
SAGE CAPITAL ADVISORS, LLC
+74 more financial advisors available