New York-Newark-Jersey City vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 174% cheaper for renters. A 2-bedroom rents for $837/mo vs $2,293/mo in New York-Newark-Jersey City — saving $17,472/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $1,531 | $544 | $987 |
| 1 Bedroom | $1,813 | $672 | $1,141 |
| 2 Bedrooms | $2,293 | $837 | $1,456 |
| 3 Bedrooms | $2,674 | $1,012 | $1,662 |
| 4 Bedrooms | $3,167 | $1,129 | $2,038 |
| Median Income | $124,777 | $55,443 | $69,334 |
New York-Newark-Jersey City
- Studio
- $1,531/mo
- 1 BR
- $1,813/mo
- 2 BR
- $2,293/mo
- 3 BR
- $2,674/mo
- 4 BR
- $3,167/mo
- Median Income
- $124,777/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 New York-Newark-Jersey City or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,456/mo or $17,472/year more expensive in New York-Newark-Jersey City (174% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between New York-Newark-Jersey City and Sioux Falls?
The median household income in New York-Newark-Jersey City is $124,777/year. In Sioux Falls it is $55,443/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Sioux Falls?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Sioux Falls it is $544/mo.