Housing costs in Rapid Valley?
A typical home costs
$329,700, which is 2.5% less expensive than the national average of
$338,100 and 23.0% more expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Rapid Valley costs
$1,180 per month, which is 29.7% more than the national average of
$910 and 15.3% more than the state average of
$1,000.
Can I afford Rapid Valley?
To live comfortably in Rapid Valley (zip 57703), South Dakota, a minimum annual income of
$63,000 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Rapid Valley?
The cost of living in 57703 Rapid Valley, SD is quite reasonable. The overall cost of living index is only 84.6, which is 16.4 percent lower than the national average. Housing costs are particularly low, coming in at nearly 40 percent below the national average. The median home price in Rapid Valley sits at $114,400, and the median rent for a two-bedroom apartment is only $719 per month. In addition to housing costs being low, groceries and utilities also tend to be on the lower end of the spectrum when compared with other parts of the country. For those looking for an affordable place to call home, Rapid Valley should definitely be on their list.