Sioux Falls, South Dakota – Retirement Guide

Sioux Falls, South Dakota   Retirement Guide

South Dakota’s largest and fastest-growing city offers retirees plenty to consider when relocating for retirement. Set along the banks of the Big Sioux River, the town takes its name from the sprawling falls found along the waterway just north of downtown. It’s here that you’ll find Falls Park, though the city is actually home to more than 70 parks and greenways.

Retirees may be wary of retiring in the Dakotas, worried that the weather will be horrid. While winters certainly can be cold, Sioux Falls gets a surprisingly low amount of precipitation in winter, annually accumulating less than 45 inches of snow on average. Of course, the greatest benefit to retirees settling in Sioux Falls is the city’s low cost of living which is approximately 17 percent lower than the national average. The town also has a startlingly low unemployment rate of 3.7%, making it a good location for people who hope to work during retirement.

As mentioned, outdoors lovers will find plenty to do in the Sioux Fall’s many parks. One popular feature of the town’s park system is a 16-mile, paved loop trail used for walking, jogging and bicycling. The trail follows the course of the Sioux River, and even crosses by the Falls.

Pros: Low cost of living, Low unemployment rate
Con: Rapid growth means many new construction projects

At a Glance
Best For: Outdoors and arts lovers
Population: 156,592
Cost of Living: 17% lower than national average
Median Home Cost: $169,500
Unemployment: 3.7%
Crime Rate: 51% lower than national average
Top State Income Tax: No state income tax

Sioux Falls has also experienced a renaissance of sorts in the arts of late. The town hosts a number of colorful events, including regular “First Fridays” when shops and restaurants stay open and live music is played, Sioux Falls Jazzfest and the Festival of Bands marching band competition. The town also has 2 performing arts centers that host Broadway productions and operas. The city is also home to the South Dakota Symphony Orchestra.

A number of universities and colleges, including University of Sioux Falls and Augustana College, can be found in Sioux Falls. Many of these schools offer continuing education courses for retirees.

Finally, Sioux Falls is an important regional health center, and home to 4 major hospitals. One thing for retirees to consider, the city’s rapid growth has left its infrastructure straining. A number of construction projects are planned to help alleviate traffic, which might mean messy driving during their duration.

Top Retirement Cities in South Dakota:  Sioux Falls

Photo by Shal Farley via Flickr. All statistics were up to date as of publication. See these sources for the most current data.