Anchorage vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 39% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,162/mo in Anchorage — saving $3,900/year.
Rent by Unit Size
| Unit Size | Anchorage | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $795 | $544 | $251 |
| 1 Bedroom | $960 | $672 | $288 |
| 2 Bedrooms | $1,162 | $837 | $325 |
| 3 Bedrooms | $1,475 | $1,012 | $463 |
| 4 Bedrooms | $1,674 | $1,129 | $545 |
| Median Income | $75,443 | $55,443 | $20,000 |
Anchorage
- Studio
- $795/mo
- 1 BR
- $960/mo
- 2 BR
- $1,162/mo
- 3 BR
- $1,475/mo
- 4 BR
- $1,674/mo
- Median Income
- $75,443/yr
Sioux Falls
- Studio
- $544/mo
- 1 BR
- $672/mo
- 2 BR
- $837/mo
- 3 BR
- $1,012/mo
- 4 BR
- $1,129/mo
- Median Income
- $55,443/yr
Frequently Asked Questions
Is Anchorage or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,162/mo in Anchorage. That's $325/mo or $3,900/year more expensive in Anchorage (39% higher).
What is the 2-bedroom rent in Anchorage vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Anchorage and Sioux Falls?
The median household income in Anchorage is $75,443/year. In Sioux Falls it is $55,443/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Sioux Falls?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Sioux Falls it is $544/mo.