Sioux Falls, South Dakota is a thriving community of 131,000 people (181,000 MSA) in southeastern South Dakota. Sioux Falls lies at the intersection of interstates I-90 and I-29.
Sioux Falls is attractive to large employers such as
CitiGroup,
Avera Health,
LodgeNet and others for an employer-friendly business climate and the high work ethic of the employment pool.
Taxes
South Dakota has historically had a low tax burden, reflected in the lack of any state income tax. Tax Foundation
recently ranked South Dakota 42nd in the nation with a state tax burden of just 8.5% of total taxes.
| Tax |
Rate |
| State corporate income tax |
none |
| Entertainment tax |
1% |
| Hotel/Motel tax |
1% |
| Inventory Tax |
none |
| Personal income tax |
none |
| Property tax |
$25.76 per $1,000 of valuation for commercial property |
| Sales & Use tax |
6% (4% state, 2% city) |
| State Personal Income Tax |
none |
Cost of Living
Few communities in the United States compare to Sioux Falls for a low cost of living. In fact,
according to Salary.com, a worker moving from Los Angeles to Sioux Falls can expect a 10% gain in disposable income --
even after accounting for lower average salaries.
|
| 
| 
| 
| 
| 
| 
| 
|
| Denver, CO |
106.5 |
113.4 |
114.2 |
79.2 |
108.1 |
122.4 |
100.5 |
| Des Moines, IA |
92.1 |
86.0 |
84.6 |
97.1 |
99.1 |
102.0 |
96.6 |
| Lincoln, NE |
98.7 |
94.3 |
96.1 |
102.1 |
106.0 |
91.7 |
101.1 |
| Minneapolis, MN |
108.2 |
105.5 |
106.6 |
93.5 |
117.8 |
113.1 |
110.9 |
| MIssoula, MT |
101.6 |
115.3 |
99.1 |
89.3 |
95.1 |
93.8 |
103.1 |
| Springfield, MO |
90.1 |
96.7 |
82.4 |
74.2 |
98.7 |
97.0 |
93.7 |
| Sioux Falls, SD |
93.8 |
94.7 |
86.7 |
87.8 |
99.9 |
94.7 |
98.7 |
*Figures based on the US Avg. of 100
Source: ACCRA, Cost-of-Living Index for Urban Areas, first quarter 2002
