Merced vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 26% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,055/mo in Merced — saving $2,616/year.
Rent by Unit Size
| Unit Size | Merced | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $696 | $544 | $152 |
| 1 Bedroom | $865 | $672 | $193 |
| 2 Bedrooms | $1,055 | $837 | $218 |
| 3 Bedrooms | $1,328 | $1,012 | $316 |
| 4 Bedrooms | $1,460 | $1,129 | $331 |
| Median Income | $60,958 | $55,443 | $5,515 |
Merced
- Studio
- $696/mo
- 1 BR
- $865/mo
- 2 BR
- $1,055/mo
- 3 BR
- $1,328/mo
- 4 BR
- $1,460/mo
- Median Income
- $60,958/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 Merced or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,055/mo in Merced. That's $218/mo or $2,616/year more expensive in Merced (26% higher).
What is the 2-bedroom rent in Merced vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Merced is $1,055/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Merced and Sioux Falls?
The median household income in Merced is $60,958/year. In Sioux Falls it is $55,443/year. Merced has the higher median income.
What is the studio rent in Merced vs Sioux Falls?
A studio apartment Fair Market Rent in Merced is $696/mo. In Sioux Falls it is $544/mo.