The overall cost of living in Sioux Falls, SD, is more affordable than the national average. As of this writing, it is 11.4% lower than most American cities, making it advantageous to move to Sioux Falls. The Good Side One of the most glaring advantages of moving to Sioux Falls is the city’s affordable housing cost. Sioux Falls’ housing costs are 18.6% less expensive than those nationwide. It is also 2.4% less than the state average. It means that the cost of housing is much lower in Sioux Falls than in an average city in South Dakota. In Sioux Falls, the median price of a home is USD 253,700. The sum is less than the $291,700 US national average. The cost of transportation is also lower in Sioux Falls. Compared to the national average, transportation costs here are15.2% more affordable. We also see the same story in the cost of utilities and healthcare. Utility costs here are more affordable than the national average. It is 3.6% cheaper. The cost of healthcare is also cheaper than the national average by 8.4%. Overall, the cost of living is a factor that convinces people to move here. It is lower than most cities in the country. The Bad Side If there is one downfall when it comes to budgeting in Sioux Falls, it is the cost of food and groceries. The cost of food and groceries in Sioux Falls is higher than the national average by 0.1%. If you look at the number, the variance is not that significant. You can reduce the cost of meals and groceries by making a minor adjustment. Simply being wise when getting your groceries will do.