CostIndexUSA

Sioux Falls, SD vs South Bend, IN Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

More AffordableSD
Sioux Falls
90.6
overall index
$1,225/mo rent
IN
South Bend
92.9
overall index
$1,375/mo rent

Sioux Falls is slightly cheaper than South Bend — 2.5% lower overall cost of living.

To match an $80,000 salary in Sioux Falls, you would need $82,000 in South Bend. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing3.9%
Sioux Falls
77.6
South Bend
74.6
🛒 Groceries1.4%
Sioux Falls
95.5
South Bend
94.2
🚗 Transportation+8.0%
Sioux Falls
96.5
South Bend
104.2
🏥 Healthcare+8.0%
Sioux Falls
87.3
South Bend
94.3
Utilities+8.7%
Sioux Falls
80.7
South Bend
87.7

Salary Equivalency Calculator

Enter your current salary in Sioux Falls to see what you'd need to earn in South Bend to maintain the same purchasing power.

$
Equivalent salary in South Bend, IN
$82,000
$2,000 more needed in South Bend

Formula: salary × (92.9 ÷ 90.6) = salary × 1.0254. Based on BEA Regional Price Parities.

Housing Market

Sioux Falls, SD

Median Home Price
$329,000
Median Monthly Rent
$1,225
Housing Index
77.6
Price-to-Rent Ratio
22.4×

South Bend, IN

Median Home Price
$221,000
Median Monthly Rent
$1,375
Housing Index
74.6
Price-to-Rent Ratio
13.4×

Sioux Falls has 3.9% lower housing costs compared to South Bend.

Income & Job Market

Sioux Falls, SD

Median Household Income
$76,200
Per Capita Income
$43,400
Unemployment Rate
2%
Population
192,517
Top Industries
FinanceHealthcareRetailManufacturingAgriculture

South Bend, IN

Median Household Income
$65,800
Per Capita Income
$37,500
Unemployment Rate
4.7%
Population
103,453
Top Industries
HealthcareEducationManufacturingFinanceRetail

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Sioux Falls, SD
5.2×income-to-rent ratio

81% of income left after rent (median)

South Bend, IN
4.0×income-to-rent ratio

75% of income left after rent (median)

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.