Rapid City is the second largest city in South Dakota and is located in the Black Hills region. The cost of rent for two bedrooms is significantly lower than the US average, which makes it an attractive location to live. Grocery costs are also on par with the rest of the country, making it a great place for people who want to save some money. There are a number of local businesses in Rapid City including Home Depot, Wal-Mart, and Target. There are also smaller businesses like Ace Hardware and Valley Music Store that offer unique products to visitors and locals alike. Additionally, there is plenty of nightlife with restaurants and bars like Top Hat Lounge and Firehouse Brewing Co. offering a variety of entertainment options for everyone who visits or lives in Rapid City.
Rapid City Metro Area has an unemployment rate of 3.4%. The US average is 6.0%.
Rapid City Metro Area has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Rapid City Metro Area
- The Sales Tax Rate for Rapid City Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rapid City Metro Area 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 Metro Area
- The average income of a Rapid City Metro Area resident is $27,062 a year. The US average is $28,555 a year.
- The Median household income of a Rapid City Metro Area resident is $63,266 a year. The US average is $69,021 a year.