How does a Real Estate Agent's salary in Sioux Falls compare to the rest of South Dakota?

Sioux Falls's cost of living index is 91 vs. the national average of 100, so salaries are adjusted downward accordingly. A Real Estate Agent earning the city-adjusted median of $49,413 earns $14,787 less than the median household income in Sioux Falls ($64,200).

Real Estate Agent Salary in Sioux Falls, SD — 2026 Guide

Estimated salaries are adjusted for Sioux Falls's cost of living (index: 91). National data from BLS OEWS 2024; city adjustments reflect local market conditions.

Real Estate Agent Salary in Sioux Falls — Key Numbers

$49,413

Median Salary

$29,193

25th Percentile

$84,958

75th Percentile

$144,890

90th Percentile

National median (Real Estate Agent)$54,300

vs. National median-9.0%

Sioux Falls median household income$64,200

vs. City household income-23.0%

Cost of Living in Sioux Falls

Cost of Living Index

91(100 = avg)

Median Monthly Rent$865/mo

Rent-to-Income Ratio21.0%

Annual rent cost$10,380

Median Home Price$310,000

Home Price / Salary6.3×

20% Down Payment$62,000

Years to save (20% rate)6.3 yrs

Rent-to-income below 28% is considered affordable; above 35% is cost-burdened. Home price multiple below 3× is affordable; above 5× is expensive by traditional guidelines.

Job Market in Sioux Falls

2.2%

Unemployment Rate

275,000

Metro Population

18 min

Avg Commute

32.4

Median Age

Sioux Falls has a metro population of 275,000, offering a growing job market with opportunities especially in established local industries. The 2.2% unemployment rate is below the national average, suggesting a tight labor market favorable to job seekers.

Financial Calculators for Sioux Falls

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Cost of Living — Sioux Falls

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Real Estate Agent Salary in South Dakota

Statewide salary breakdown

Other Professions in Sioux Falls

Physician$208,663 Chief Executive Officer$191,100 Dentist$159,714 IT Manager$154,254 Marketing Manager$143,434 Lawyer$132,642

Frequently Asked Questions

How much does a Real Estate Agent make in Sioux Falls, SD?

The estimated median salary for a Real Estate Agent in Sioux Falls is $49,413 per year (2026). This is derived from the national BLS median of $54,300 adjusted by Sioux Falls's cost of living index (91). The typical salary range runs from $29,193 (25th percentile) to $84,958 (75th percentile), with top earners reaching $144,890.

Is Sioux Falls affordable for a Real Estate Agent?

On a $49,413 annual salary, a Real Estate Agent in Sioux Falls would spend approximately 21.0% of gross monthly income on median rent ($865/month). This is well within the 28% affordability threshold, making Sioux Falls relatively affordable for this profession. The median home price of $310,000 is 6.3× the annual salary.

How does a Real Estate Agent's salary compare to Sioux Falls's overall income?

Sioux Falls's median household income is $64,200. A Real Estate Agent earning the city-adjusted median of $49,413 earns 23.0% less than the typical Sioux Falls household income. This may reflect that the profession is entry-level or that Sioux Falls has a particularly high median household income due to high-earning industries.

Explore More Salary Data

Real Estate Agent — National Real Estate Agent in South Dakota All Salary Guides

Salary data from U.S. Bureau of Labor Statistics (BLS) OEWS, 2024 release. City salary estimates adjusted by cost of living index. City data from Census Bureau, BLS, Zillow, and ApartmentAdvisor (2024–2025). Last updated: March 2026.