Sioux Falls : South dakota

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What it's Like to Retire in Sioux Falls

Sioux Falls is the largest city of South Dakota. It is located on the southeastern border near Iowa and Minnesota. The city's population of 167,000 grew 22% from 2000 due to the presence of many colleges and financial institutions. The city has many lovely parks including Falls Park on the city's namesake waterfalls on the Big Sioux River.  It is a regional commercial center. In Central Downtown shops line Phillips Avenue, and in the "EastBank" shops and restaurants fill a boardwalk style center called "8th and Railroad." "The Bridges" is an outdoor shopping center.

In addition to being home to many large corporations like Citibank it also has a long list of colleges. Some of those include: Sioux Falls is home to the University of Sioux Falls, Augustana College, Sioux Falls Seminary, Kilian Community College, National American University, Globe University/Minnesota School of Business, and the University of South Dakota's Sanford School of Medicine (Sioux Falls campus. Photo of the falls courtesy of Jeff Russell. Other photos courtesy of Wikipedia: David Huebner (Augustana College) and John Platek (downtown).

 

Where to Retire in Sioux Falls and Home Prices

Median selling price of a home in Sioux Falls was $176,600 in early 2016 according to the NAR. Prices  have been inching up since 2013. Typical real estate taxes are about $2000/year.

 

What is special about Sioux Falls

The city is a frequently named on various best places to live and retire lists. Sioux Falls run through town. The absence of a corporate income tax has led to a diversified economy with many big corporations. Sioux Falls maintains a network of more than 70 parks and greenways that are spread throughout the city. Probably the best known of these is Falls Park around the waterfalls on the Big Sioux River, just north of downtown. A number of colleges are here. The park system features a paved 16 mile path plus branches for biking, walking, and jogging. Relatively low cost of living.

 

What is not special about Sioux Falls

Far from a coast and far from a very large city.  Winters are cold and long.

 

Who will like retirement in Sioux Falls

People who want to retire in a livable city and who don't mind winter weather. The average age is 33, lower than the state average of 36.

 

Local economy is driven by

No income tax for corporations resulted in a large number of financial institutions putting in operations and headquarters here.  The economy is very diversified
 

Climate and Physical Environment

The city is located on the banks of the Big Sioux River on the prairie of the Great Plains at the junction of Interstate 90 and Interstate 29 in southeastern South Dakota. The beautiful Sioux Falls runs right through the city. The average January temp is in the teens and the average July temp is in the low 70s. Winter months typically produce about 7" of snow and there is plenty of sunshine in summer.

 

Restaurants & Cultural Scene

There are many festivals throughout the year including the Sioux Falls Jazz and Blues Festival,  a three-day outdoor musical event featuring two stages and is free to the public. The event is held the third weekend in July at Yankton Trail Park in Sioux Falls. Local colleges provide cultural opportunities as well. Many cultural events occur at the Washington Pavilion of Arts and Science. Downtown Sioux Falls plays host to the popular SculptureWalk every summer.

 

Crime

The crime rate in Sioux Falls is very near the national average, although violent crimes are rare.

 

Medical facilities

Sioux Falls is the regional medical center for this part of the country. It has many different hospitals and medical facilities including those at the Sanford Univerity of South Dakota Medical School.

 

Transportation

Sioux Falls has a regional airport, the Joe Foss Field Airport. The city is very bike friendly. The park system features a paved 16 mile path for biking, walking, and jogging. Recently, the city has made efforts to beautify a stretch of the bike trails through downtown along an area known as the River Greenway.

 

Valuable Links

Sioux Falls wikipedia entry
 

What people are saying about Sioux Falls

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Facts about SIOUX FALLS
  • State: SD
  • Environment: College Town,Small-mid Sized City,Biking Community,
  • City Population: 100,001+
  • Median age of Population: 25-44
  • Avg Jan Temperature: 0 -20
  • Avg July Temperature: 60-80
  • Median HH Income: 41,001-60,000
  • Average Home Price (MLS): $100,000-$200,000
  • Annual Property Tax on a $200,000 house: 2000-4000
  • Total Crime Index: 91-100 (slightly below average)
  • Cost of Living Index: 81-90 (low)
  • Culture Index: 111-120 (high)
  • State Sales Tax: Yes
  • State Income Tax: No
  • Name of the Guide: boomer1

Can you add to or correct these Facts? Or do you have a photo of this community we could use? If so, please click on Edit these facts

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