The Sioux Falls Metropolitan Statistical Area consists of four counties in South Dakota as Lincoln, McCook, Turner, and Minnehaha. The population of the area has risen from 2010 to approximately 6.68% , and reached the level of 248.351 people in 2014.
Together with Sioux Falls, some other cities conclude the metropolitan area. Those are Canton, Brandon, Dell Rapids, Tea, Harrisburg, Viborg, Worthing, Lennox, Beresford, Crooks, Baltic, Colton, Montrose, Salem, Renner, Rowena, Hartford, Chancellor, Parker, Humboldt, Hurley, Sherman, Garretson, Corson, Irene, and Centerville.
While being one of the agricultural centers of the United States in the past, Sioux Falls has developed the financial, health care, and retail trading sector over time.
Due to the absence of a state corporate income tax, some financial companies are located in the city. Among the largest companies from Sioux Falls, there are multinational financial services group Wells Fargo and multinational investment bank Citigroup.
Healthcare centers are located in the city as well. Four major hospitals are located in Sioux Falls as Sanford Health (formerly Sioux Valley), the South Dakota Veterans Affairs Hospital, Avera McKennan Hospital, and the Avera Heart Hospital of South Dakota.
Because of the remote distance from other cities, Sioux Falls has become the regional center os shopping and dining. The Empire Mall is one of the retailing zones in the southwest areas of the city; there are approximately 180 stores available in the mall.

Together with the financial sector, the manufacturing and food processing sector is still the critical component of the economy of the city. The Smithfield Foods/John Morrell is one of the largest employers in the city.
The scientific sector of the city is developed as well, the USGS Earth Resources Observation and Science Center currently houses one of the largest computer complexes.