Housing costs in Rapid City?
A typical home costs
$292,500, which is 13.5% less expensive than the national average of
$338,100 and 9.1% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Rapid City costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 9.9% more than the state average of
$910.
Can I afford Rapid City?
To live comfortably in Rapid City, South Dakota, a minimum annual income of
$56,160 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Rapid City?
Rapid City, South Dakota has a cost of living index rating slightly lower than that if the nation at 96 due mostly to low housing costs making up 34% - far below the national average 42%. Utility costs are also relatively low owing its favorable climate conditions allowing for cheaper sources of energy such as natural gas while still enjoying access to similar amenities found citywide from whatever municipality they call home. Transportation makes up approximately 9 percent and healthcare and groceries account for 7% each contributing towards lower overall living expenses when contrasted against many other U.S cities .