Sioux Falls, SD — income, home value, property tax, and sales tax.
Households in ZIP code 57055, near Sioux Falls, earn a median of $120,341, with per-capita income at $57,237 — placing the area firmly in affluent territory. Median home values reach $474,500, and the county-level effective property tax rate of 1.14% means owners of such homes owe a meaningful annual sum, even though that rate trails many parts of the country. A combined sales tax of 4.20% applies to purchases. Together, these figures describe a well-off community where high earnings support expensive housing, and the tax load leans more on property than on day-to-day spending.
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