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Sioux Falls-Rent

Sioux Falls-Rent
Report: Sioux Falls has better rent for minimum wage workers
The Associated Press - May 1, 2017

SIOUX FALLS, S.D. - A new report shows lower-wage workers have an easier time making rent in Sioux Falls than in other metro areas in the Dakotas, Iowa and Minnesota.

The Argus Leader reports the National Low Income Housing Coalition says a full-time minimum-wage worker spending 30 percent of their income on rent would fall $20 short of the average studio apartment rate in Sioux Falls. Residents in Rapid City and Fargo would fall about $100 short.

Sioux Falls Housing and Redevelopment Commission executive director Karl Fulmer says the gap between paychecks and bills is growing because older, more affordable housing in Sioux Falls is disappearing as developers renovate buildings and raise rent prices.

Fulmer says the study doesn't take into consideration the quality of the unit or the neighborhood.



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