Raleigh-Cary vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 31% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,097/mo in Raleigh-Cary — saving $3,120/year.
Rent by Unit Size
| Unit Size | Raleigh-Cary | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $760 | $544 | $216 |
| 1 Bedroom | $928 | $672 | $256 |
| 2 Bedrooms | $1,097 | $837 | $260 |
| 3 Bedrooms | $1,435 | $1,012 | $423 |
| 4 Bedrooms | $1,556 | $1,129 | $427 |
| Median Income | $70,678 | $55,443 | $15,235 |
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/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 Raleigh-Cary or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,097/mo in Raleigh-Cary. That's $260/mo or $3,120/year more expensive in Raleigh-Cary (31% higher).
What is the 2-bedroom rent in Raleigh-Cary vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Raleigh-Cary is $1,097/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Raleigh-Cary and Sioux Falls?
The median household income in Raleigh-Cary is $70,678/year. In Sioux Falls it is $55,443/year. Raleigh-Cary has the higher median income.
What is the studio rent in Raleigh-Cary vs Sioux Falls?
A studio apartment Fair Market Rent in Raleigh-Cary is $760/mo. In Sioux Falls it is $544/mo.