FIRE Number for Sioux Falls, United States
United States
No State Income Tax, Ultra-Low Costs, and Falls Park Beauty
Sioux Falls is a FIRE powerhouse hiding in plain sight. South Dakota has zero state income tax, and the cost of living here is among the lowest in the nation. The city is anchored by the stunning Falls Park, a revitalized downtown with craft breweries and local restaurants, and an increasingly vibrant cultural scene. With a growing population, excellent healthcare at Sanford and Avera, and endless outdoor recreation along the Big Sioux River, this is one of the smartest places in America to stretch your FIRE portfolio.
Lean FIRE, FIRE, and Fat FIRE for Sioux Falls
The portfolio you need to retire in Sioux Falls at each lifestyle level, based on the 4% safe withdrawal rate.
| Lifestyle | FIRE Number | Monthly Cost |
|---|---|---|
| Lean FIRE | $870K | $2,900/mo |
| FIRE | $1.5M | $5,000/mo |
| Fat FIRE | $3.45M | $11,500/mo |
Cost of Living Breakdown for Sioux Falls
Lean FIRE Lifestyle
$870KYou can rent a decent one-bedroom near Falls Park or the Cathedral District for under $900 and still cover groceries, a car, and healthcare with room to spare. No state income tax helps every dollar stretch further. Evenings and weekends revolve around the trails along the Big Sioux River, Falls Park, and low-key dining at local spots. It is a modest life but a genuinely comfortable one by budget-tier standards.
FIRE Lifestyle
$1.5MA spacious three-bedroom home in a newer subdivision like Prairie Hills or Southern Hills, regular dinners at restaurants like Minervas and Parker's Bistro, and a late-model SUV for Dakota winters. This budget covers everything comfortably and leaves substantial margin for travel or other goals. At Sioux Falls prices, $10K a month goes a long way.
Fat FIRE Lifestyle
$3.45MA premium home on acreage south of the city, a second property in the Black Hills, a cook who comes in several times a week, and regular domestic help. First-class flights and frequent travel are well within budget. At Sioux Falls costs with no state income tax, this level of spending covers a very comfortable, well-staffed life with large margins each month.
Retirement Confidence
Enter your portfolio on the homepage to see Monte Carlo retirement confidence for Sioux Falls.
Important notes on retirement confidence
A 90% confidence level is widely considered a strong retirement plan — it means your portfolio survived in 9 out of 10 historically-modeled scenarios. A 95% or higher rate is extremely conservative. Reaching 100% is nearly impossible in any Monte Carlo model, because there will always be a few extreme worst-case market sequences that deplete any portfolio.
Early retirees may need portfolios to last 40-50+ years. The 4% rule was originally validated for 30-year retirements. Consider a more conservative withdrawal rate (3-3.5%) for very early retirement.
Healthcare, Visa & City Overview
CST (UTC-6)
USD
English
46°F / 8°C
150+ Mbps average
Sioux Falls Regional Airport (FSD)
Frequently Asked Questions About Retiring in Sioux Falls
What is the FIRE Number for Sioux Falls, United States?
The FIRE Number for Sioux Falls ranges from $870K (Lean FIRE lifestyle) to $3.45M (Fat FIRE lifestyle). A FIRE retirement requires a portfolio of approximately $1.5M, based on estimated monthly costs of $5,000 and a 4% safe withdrawal rate.
How much does it cost to retire in Sioux Falls?
Monthly living costs in Sioux Falls range from $2,900 (Lean FIRE) to $5,000 (FIRE), covering housing, dining, groceries, healthcare, transportation, entertainment, and utilities.
What is healthcare like in Sioux Falls for retirees?
Healthcare in Sioux Falls costs approximately $600 to $675/month depending on coverage level. ACA marketplace Silver plan; South Dakota premiums are reasonable.
What is the weather like in Sioux Falls?
Continental with cold, snowy winters and warm, humid summers The average temperature is 46°F / 8°C.
How safe is Sioux Falls for retirees?
High – one of the safest cities in the Upper Midwest
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