Rapid Valley, SD is a great place to live for those looking for an affordable home. Rent for a two-bedroom apartment in Rapid Valley is considerably lower than the national average at $1,180 compared to $1,430. On top of that, expenses such as groceries are cheaper due to the area's grocery cost index measuring in at 100 compared to the US average of 100. The area also offers plenty of opportunities with well-known employers like Walmart and Sanford Health operating in the region, as well as outdoor activities like camping and fishing available nearby. With its affordability and access to amenities Rapid Valley has something for everyone who is looking for an ideal place to call home.
Rapid Valley has an unemployment rate of 3.4%. The US average is 6.0%.
Rapid Valley 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 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Rapid Valley
- The Sales Tax Rate for Rapid Valley is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Rapid Valley 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 Valley
- The average income of a Rapid Valley resident is $23,594 a year. The US average is $28,555 a year.
- The Median household income of a Rapid Valley resident is $66,429 a year. The US average is $69,021 a year.