A+
14%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
27%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index South Sioux City Nebraska National
Cost of living8689100
Goods & Services9196100
Groceries9796100
Health care10398100
Housing7376100
Transportation91100100
Utilities8486100

An Overview of Cost of Living in South Sioux City, NE

Understanding the cost of living in South Sioux City can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The South Sioux City cost of living index is 86, which is 14% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Is South Sioux City Affordable?

Is South Sioux City affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in South Sioux City, the median home price is 32.7% lower than the national average and monthly rent prices are 14.1% lower than the typical rates. Additionally, the median income levels play a role in affordability, with South Sioux City boasting a median household income of $56,744, 2.6% higher than the national average.

What Factors can Influence the Cost of Living in South Sioux City?

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In South Sioux City, healthcare costs are 3.1% higher than the national average.

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in South Sioux City starts at 5.5% and the income tax rates start at 2.46%.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Where is the Data From?

The South Sioux City cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in South Sioux City is 4% lower than the Nebraska average
  • The cost of living in South Sioux City is 14% lower than the national average
  • South Sioux City housing is 27% lower than the national average
  • Nebraska general sales tax is 8% higher than the national average
  • Nebraska state income tax is 5% lower than the national average

Most Affordable Places to Live in and Around South Sioux City

See all the best places to live around South Sioux City

Compare South Sioux City, NE Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$73,816$6,151$1,722$2,215
      Renters$32,170$2,681$751$965
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in South Sioux City, NE, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In South Sioux City, homeowners have a median income of $73,816. Using that number, a maximum of $1,722 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $32,170, which means there is a maximum of $751 to be spent on the costs of renting a home or apartment.

      Nebraska Sales Tax

      State General Sales Tax With Max Surtax
      Nebraska 5.5% 7.5%

      Nebraska Income Tax

      State Income Tax (Low) Income Tax (High)
      Nebraska 2.46% 6.64%

      Goods & Services

      Item South Sioux City National avg. Difference
      Haircut $24.32$24.260.2%
      Beauty Salon $35.22$45.5622.7%
      Toothpaste $3.80$3.702.7%
      Shampoo $1.29$1.280.7%
      Movie $9.36$12.1322.9%
      Bowling $16.40$18.008.9%

      Groceries

      Item South Sioux City National avg. Difference
      Ground Beef $5.89$5.840.8%
      Fried Chicken $1.41$1.5710.4%
      Milk $4.75$4.671.7%
      Potatoes $4.63$4.936.2%
      Pizza $10.64$12.0912.0%
      Beer $9.33$10.4110.4%

      Health Care

      Item South Sioux City National avg. Difference
      Optometrist $135.10$125.687.5%
      Doctor $177.33$135.7830.6%
      Dentist $108.21$113.294.5%
      Ibuprofen $10.48$10.651.7%
      Lipitor $357.08$468.6023.8%

      Housing

      Item South Sioux City National avg. Difference
      Home Price $124,300.00$184,700.0032.7%
      Avg. Mortgage Payment $2,133.89$2,346.699.1%
      Apartment Rent $815.00$949.0014.1%

      Transportation

      Item South Sioux City National avg. Difference
      Gasoline $3.28$3.465.3%
      Tire Balancing $49.42$59.9217.5%

      Utilities

      Item South Sioux City National avg. Difference
      All Electricity $141.67$193.9927.0%
      Phone $194.04$192.250.9%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Ponca, NE9428119.4%
      Salix, IA4798415.8%
      Homer, NE4108614.0%
      Jefferson, SD6778415.8%
      Sioux City, IA82,5358614.3%
      South Sioux City, NE12,8678613.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Key Biscayne, FL12,867260160.0%
      Kingston, PA12,859927.7%
      Willow Grove, PA12,88111515.4%
      Edgewater, NJ12,89017676.3%
      Glendale, WI12,8901065.9%
      South Sioux City, NE12,8678613.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.