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Sioux Falls, SDA City Expanding Its Central Business District
Downtown is emerging as a critical economic development amenity for the Sioux Falls region—just as important as its parks, schools, and basic infrastructure. The 2025 Downtown Plan provides a game plan to help downtown capitalize on new market opportunities and help foster prosperity for the entire Sioux Falls region.
Falls Park, an attraction of downtown Sioux Falls, is located just north of Sioux Steel Company and currently attracts approximately 1 million visitors annually.
Sioux Falls Population Growth
City officials say job growth and another record year of construction helped fuel a 2.6 percent growth in its population. The number of people in Sioux Falls has grown to an estimated 183,200 — an increase of 4,700 more people over the last year.
Sioux Falls has averaged about 3,200 additional people each year over the last decade. The city’s chief planning official, Jeffrey Schmitt, says the rate of growth relates directly to the region’s strong residential housing growth. By 2025, the population is projected to be 202,000.
Reported February 6, 2018 by The Associated Press
Rated #2 for Tax Climate
With no corporate or personal income taxes, no personal property taxes, and low sales taxes, the tax climate virtually can't be beat. South Dakota ranks #2 in the US for tax climate
according to the Tax Foundation´s 2017 State Business Tax Climate Index.
Labor Force
Not only is it large enough to meet the needs of both new and existing businesses, it's growing by 1,800 workers a year. In fact, Sioux Falls, South Dakota is one of the fastest-growing regions in the nation, and our workforce is growing right along with it.
Cost of Living
The cost of living is better in Sioux Falls, South Dakota. No personal income tax, low real estate property and sales taxes, affordable housing and utility costs, and a favorable climate. The overall cost of living is 6% lower than the national average.
April Census 2000
124,158
April Census 2010
153,888
Jan. 1, 2021
195,080
2030 Projection
217,000
Next Generation Experience
The secret is out: Sioux Falls is a better place to live. Young, well-educated, well-trained workforce is expanding to meet the needs of both new and existing businesses and is creating a larger market for consumer goods and services.
Sioux Falls is one of the fastest-growing areas in the nation, with a rate of population growth nearly 4x the national average.
[2000-2013]
Sioux Falls Featured in Forbes
Article by Kurt Badenhausen. November 6, 2017.
