Rapid City, South Dakota (zip code 57702) is an affordable place to live. The average 2 bedroom rent in Rapid City is $1,060, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Rapid City is 102 versus 100 in the US. This makes it slightly more expensive to purchase food and groceries in Rapid City compared to other cities throughout the US.
Rapid City has several popular companies operating within it including Black Hills National Forest, Pennington County Government, Rushmore Plaza Civic Center, Sturgis Motorcycle Rally and more. Additionally, there are many outdoor activities available for people of all ages to enjoy such as skiing at Terry Peak or visiting Mount Rushmore. Overall, Rapid City is a great place with plenty to do and a reasonable cost of living.
Rapid City (zip 57702) has an unemployment rate of 3.1%. The US average is 6.0%.
Rapid City (zip 57702) 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 (zip 57702)
- The Sales Tax Rate for Rapid City (zip 57702) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Rapid City (zip 57702) 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 (zip 57702)
- The average income of a Rapid City (zip 57702) resident is $35,612 a year. The US average is $28,555 a year.
- The Median household income of a Rapid City (zip 57702) resident is $74,907 a year. The US average is $69,021 a year.