Concord vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 30% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,088/mo in Concord — saving $3,012/year.
Rent by Unit Size
| Unit Size | Concord | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $755 | $544 | $211 |
| 1 Bedroom | $912 | $672 | $240 |
| 2 Bedrooms | $1,088 | $837 | $251 |
| 3 Bedrooms | $1,418 | $1,012 | $406 |
| 4 Bedrooms | $1,586 | $1,129 | $457 |
| Median Income | $53,649 | $55,443 | $1,794 |
Concord
- Studio
- $755/mo
- 1 BR
- $912/mo
- 2 BR
- $1,088/mo
- 3 BR
- $1,418/mo
- 4 BR
- $1,586/mo
- Median Income
- $53,649/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 Concord or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,088/mo in Concord. That's $251/mo or $3,012/year more expensive in Concord (30% higher).
What is the 2-bedroom rent in Concord vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Concord is $1,088/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Concord and Sioux Falls?
The median household income in Concord is $53,649/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Concord vs Sioux Falls?
A studio apartment Fair Market Rent in Concord is $755/mo. In Sioux Falls it is $544/mo.