Salem vs Sioux Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Sioux Falls is 36% cheaper for renters. A 2-bedroom rents for $837/mo vs $1,137/mo in Salem — saving $3,600/year.
Rent by Unit Size
| Unit Size | Salem | Sioux Falls | Difference |
|---|---|---|---|
| Studio | $741 | $544 | $197 |
| 1 Bedroom | $913 | $672 | $241 |
| 2 Bedrooms | $1,137 | $837 | $300 |
| 3 Bedrooms | $1,411 | $1,012 | $399 |
| 4 Bedrooms | $1,615 | $1,129 | $486 |
| Median Income | $53,953 | $55,443 | $1,490 |
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/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 Salem or Sioux Falls cheaper to rent in?
Sioux Falls is cheaper — a 2-bedroom Fair Market Rent is $837/mo vs $1,137/mo in Salem. That's $300/mo or $3,600/year more expensive in Salem (36% higher).
What is the 2-bedroom rent in Salem vs Sioux Falls?
The HUD Fair Market Rent for a 2-bedroom in Salem is $1,137/month. In Sioux Falls, a 2-bedroom FMR is $837/month.
How do incomes compare between Salem and Sioux Falls?
The median household income in Salem is $53,953/year. In Sioux Falls it is $55,443/year. Sioux Falls has the higher median income.
What is the studio rent in Salem vs Sioux Falls?
A studio apartment Fair Market Rent in Salem is $741/mo. In Sioux Falls it is $544/mo.