Rapid City, SD is an excellent place to live, work, and play. It is the second-largest city in South Dakota and features a bustling economy with many local companies including Black Hills Energy, Monument Health, and Rapid City Regional Airport. The cost of living in Rapid City is very reasonable as evidenced by the fact that rent for a two bedroom apartment costs $1,010 compared to the national average of $1,430. Additionally, grocery costs are on par with other parts of the country with an index of 100 versus 100 in the US. All in all, Rapid City has something for everyone and is an ideal place to settle down.
Rapid City has an unemployment rate of 3.1%. The US average is 6.0%.
Rapid City has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 35.5%, which is higher than the US average of 33.5%.
Tax Rates for Rapid City
- The Sales Tax Rate for Rapid City is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Rapid City is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rapid City
- The average income of a Rapid City resident is $25,983 a year. The US average is $28,555 a year.
- The Median household income of a Rapid City resident is $58,072 a year. The US average is $69,021 a year.