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Minimum Wage Calculator for Sioux Falls, SD
Local data pre-filled
South Dakota's minimum wage may differ from the federal $7.25/hr floor. In Sioux Falls, SD (cost of living index: 91), see what minimum wage translates to as an annual salary and how it compares to the median household income of $81,418.
Data as of · Sources: Zillow, Census ACS, Tax Foundation, Freddie Mac
South Dakota Financial Snapshot (2026) — Minimum Wage Calculator
Minimum wage, median HH income, and COL adjust take-home for the minimum wage calculator in South Dakota.
How the Minimum Wage Calculator Math Works Under South Dakota Law
A South Dakota salary calculation starts with the BLS Occupational Employment and Wage Statistics (OEWS) table for your occupation at the state level, then layers on South Dakota's payroll stack: federal income tax (brackets published by IRS), FICA (7.65%), and NO state income tax[1][2].
The formula: take_home = gross − federal_tax − state_tax − FICA − other. "Other" covers 401(k) deferral, HSA, FSA, pre-tax benefits. The calculator below runs this client-side — no inputs leave your browser.
Calc-specific note: South Dakota's floor applies when higher than federal $7.25; tipped workers have a separate state-set floor.
Worked example — South Dakota
South Dakota minimum wage × 40hrs × 52 weeks × (1 − FICA only) gives the annual take-home. Add tipped-worker differential where applicable. Compare against South Dakota cost-of-living to gauge real purchasing power.
Local context: Sioux Falls, SD
Housing economics in Sioux Falls, SD. The median home value runs 5.9% below the U.S. baseline for Sioux Falls, SD is $336,938 per Zillow's home-value index. Median rent runs $1,315 a month per Zillow ZORI, cheaper than the national $1,850 baseline. Effective property tax sits at 1.20% of assessed value, meaningfully higher than the 0.99% national average tracked by the Tax Foundation.
Income and tax climate. South Dakota's top marginal state income tax bracket lands at 0.00% — one of nine states that levies no broad-based income tax, shifting the revenue burden onto sales, property, and severance levies. BEA's Regional Price Parity scores Sioux Falls, SD at 91.0 (national = 100), meaning a dollar in Sioux Falls, SD buys 110¢ — more goods and services than the same dollar nationally.
Local context as of 2026-04-19.
Sioux Falls versus the U.S. baseline
| Metric | Sioux Falls, SD | U.S. baseline | Difference |
|---|---|---|---|
| Median home value[zillow] | $336,938 | $358,000 | -5.9% |
| Median monthly rent[zillow] | $1,315 | $1,850 | -28.9% |
| Property tax (effective)[tax-foundation] | 1.20% | 0.99% | 21.2% |
| State top marginal income tax[tax-foundation] | None | ~4.08% (volume-weighted) | −4.08 pp |
| State cost-of-living index[bea-rpp] | 91.0 | 100.0 | -9.0 pts |
How to use the Minimum Wage Calculator
Walk through using the Minimum Wage Calculator with Sioux Falls, SD-specific defaults pre-loaded from primary sources.
- Enter your Sioux Falls numbersFill in the minimum wage inputs. Defaults reflect Sioux Falls, SD 2026: median home $336,938, median rent $1,315/mo, 1.20% effective property tax.
- Apply the local 2026 inputsThe median home value in Sioux Falls is $336,938 (Zillow ZHVI), with median monthly rent running $1,315/mo.
- Compare against Sioux Falls contextMonthly PITI on the $336,938 median home in Sioux Falls is ~$2,477/mo — vs a $1,315/mo median rent.
How South Dakota Compares to Neighboring States
| State | Median home | Top inc tax | Prop tax rate | RPP (US=100) |
|---|---|---|---|---|
| South Dakota (this page) | $275,000 | None | 1.24% | 88.1 |
| see Iowa | $215,000 | 3.80% | 1.50% | 88.8 |
| compare to Minnesota | $335,000 | 9.85% | 1.12% | 98.3 |
| see Montana | $460,000 | 5.90% | 0.83% | 91.0 |
| Nebraska side-by-side | $265,000 | 5.20% | 1.73% | 90.3 |
Sources: Zillow ZHVI[1], state Departments of Revenue / Tax Foundation[2], Tax Foundation property taxes[3], BEA Regional Price Parities[4].
What Changes Your Result in South Dakota
- South Dakota cost-of-living drag:Line-item costs in South Dakota deviate from the US mean by whatever the BEA all-items RPP deviates from 100. Weight your budget toward the state average rather than the national average.
How Sioux Falls Compares to the National Average
Understanding how Sioux Falls stacks up helps you calibrate your financial planning.
| Metric | Sioux Falls, SD | US Average | Difference |
|---|---|---|---|
| Median Home Price | $336,938 | $420,800 | -19.9% |
| Median Monthly Rent | $1,315 | $1,713 | -23.2% |
| Median Household Income | $81,418 | $74,580 | +9.2% |
| Property Tax Rate | 1.20% | 1.10% | +9.1% |
| Cost of Living Index | 91 | 100 | -9.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Sioux Falls Financial Snapshot
- Population (Metro)
- 275,000
- Unemployment
- 2.2%
- Avg Commute
- 18 min
- Median Age
- 32.4
- Price-to-Rent Ratio
- 21.4x
- Annual Property Tax
- $4,043
More Financial Calculators for Sioux Falls, SD
Minimum Wage Calculator in Other South Dakota Cities
Frequently Asked Questions — Sioux Falls
- What's the Sioux Falls-adjusted p50 wage?
- The state p50 $29,070 scaled by Sioux Falls's 91 cost-of-living index equals $26,454.
- Can median-income households afford the median home in Sioux Falls?
- With a ~$2,477 monthly PITI and $81,418 median income, housing would consume ~36.5% of gross annual income. Qualifying under the 28% DTI rule requires ~$106,157 in annual income. Educational reference only.
- Is it better to rent or buy in Sioux Falls?
- Sioux Falls's price-to-rent ratio (21.4x) tilts toward renting — above 20x, buying is generally expensive relative to renting.
- What is the median home price in Sioux Falls, SD?
- The median home price in Sioux Falls is $336,938 as of 2025–2026.
- What is the average rent in Sioux Falls?
- The median monthly rent in Sioux Falls, SD is $1,315.
- Does the minimum wage replace professional advice?
- No. This calculator gives educational estimates using public Sioux Falls data and standard formulas. It is not personalized tax, legal, or investment advice. Consult a licensed professional for decisions with material consequences.
How we compute this — methodology
The Sioux Falls page uses local median home price ($336,938), median rent ($1,315/mo), and property tax rate (1.20%) alongside the calculator's client-side formula. Calculations run in your browser — no inputs are sent to a server.
Known limits: ZIP-level variance within Sioux Falls can be substantial — the figures shown are city-wide medians. For a precise property tax quote, consult your county assessor.
Sources
- Zillow Research — ZHVI (Zillow Home Value Index) + ZORI (Zillow Observed Rent Index), city-level. zillow.com/research/data. Retrieved 2026-04-19.
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates for median household income and population. census.gov/programs-surveys/acs.
- CalcFi state financial context — tips + first-time homebuyer programs compiled from each state's Housing Finance Authority (HFA) public pages. See
src/data/state-financial-context.ts. - Tax Foundation — state property tax effective rates and state/local sales tax rates. taxfoundation.org.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rate averages used by mortgage-related calculators. freddiemac.com/pmms.
- U.S. Department of Labor — State Minimum Wage Laws — www.dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-04-19.
- BLS Occupational Employment and Wage Statistics (OEWS) — state-level occupational wages — www.bls.gov/oes. Retrieved 2026-04-19.
- Bureau of Economic Analysis — Regional Price Parities by State — www.bea.gov/data/prices-inflation/regional-price-parities-state-and-metro-area. Retrieved 2026-04-19.
- Internal Revenue Service — federal individual income tax brackets and standard deductions — www.irs.gov/forms-pubs/about-publication-17. Retrieved 2026-04-19.
- State Departments of Revenue — official bracket + deduction publications (one primary URL per state; linked in the brackets table below) — taxfoundation.org/data/all/state/state-income-tax-rates. Retrieved 2026-04-19.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rates — www.freddiemac.com/pmms. Retrieved 2026-04-19.
- NAIC Dwelling Fire, Homeowners Owners, and Homeowners Tenants Insurance Report — content.naic.org/article/homeowners-insurance-report. Retrieved 2026-04-19.
- FRED (Federal Reserve Economic Data) — real median household income, unemployment, HPI, LFPR per state — fred.stlouisfed.org. Retrieved 2026-04-19.
Spot an error? Email [email protected] with the URL and the correct figure.
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National reference: Minimum Wage Calculator Calculator