Best Small Places for Business and Careers 2019

Sioux Falls, SD

South Dakota

Sioux Falls, SD

South Dakota

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gross metro product

$19.4B

population

265.7K

median household income

$65,784

median home price

$212,000

cost of living

2% below nat'l avg

college attainment

32.2%

net migration

550 (year: 2018)

unemployment

2.4%

As of October 2019

population

203.0K

median home price

$316,000

cost of living

As of May 2023

Sioux Falls is the Cultural center of South Dakota. Originally centered on quarrying and agriculturally-based industries, the economy of Sioux Falls has become greatly diversified and more service-based over the last half-century, making the city an important location for financial services, health care, and retail trade. Downtown Sioux Falls plays host to a Sculpture Walk, Festival of Bands, Lifelight Festival, Party in the Park, the Sioux Empire Fair and Jazz Fest. Notable landmarks in the area include the Washington

Pavilion of Arts and Science, the Great Plains Zoo and Delbridge Museum and the memorial to the WWII USS South Dakota. The city is also home to many parks including Terrace Park, McKennan Park, Sherman Park and Yankton Trail Park.

On forbes lists

Best Places to Retire 2023

Best Small Places for Business and Careers 2019

#54

In Cost of Doing Business

#39

In Job Growth

#44

In Education

Best Places to Retire In Each State 2018

EmploymentHousingEducationQuality of Life

Projected Annual Job Growth

1.3%

Unemployment

2.4%

Median Household Income

$65,784

Household Income Growth

3.5%

High-Tech Employment

Data is for the metro area
Sources: Moody's Analytics; Sperling's BestPlaces; U.S. Census.
Numbers as of October 2019
a - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income.