Sioux Falls, South Dakota
What It Is Like to Retire in Sioux falls
Sioux Falls is the largest city in South Dakota, and has a population of just over 200,000 in the area. Due to its business and tax friendly environment it has many large companies. It is a frequent name on many "Best Places to Retire" because of its lifestyle, cost of living, and beautiful environment, including the waterfalls on the Big Sioux River. There are many parks and bikeways.
Where to Retire in Sioux falls and Home Prices
Median selling price of a home in Sioux Falls was $321,648 in early 2024, according to the Zillow. 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 is a major attraction. The absence of a corporate income tax has led to a diversified economy with many large 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 Big Sioux River and Falls run 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
here 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 University 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.
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