Cost of Living in Rapid City, SD
2024 data from the Bureau of Economic Analysis
Cost Index
89.2
10.8% below avg
Housing Index
72.6
Median Income
$68,363
Median Rent
$1,014/mo
Cost Breakdown
Overall89.2 (-10.8%)
Housing72.6 (-27.4%)
Goods95.5 (-4.5%)
Utilities79.1 (-20.9%)
Other Services91.9 (-8.1%)
National average = 100
Income & Housing
Median Household Income
$68,363/year
Median Home Value
$248,700
Median Monthly Rent
$1,014/mo
Per Capita Income
$37,863/year
Compare Rapid City, SD With
Rapid City, SD vs Tulsa, OKRapid City, SD vs Davenport, IARapid City, SD vs Sierra Vista, AZRapid City, SD vs Jackson, MSRapid City, SD vs Sandusky, OHRapid City, SD vs Weirton, WVRapid City, SD vs Columbus, GARapid City, SD vs Cedar Rapids, IARapid City, SD vs Lynchburg, VARapid City, SD vs Little Rock, AR
Frequently Asked Questions
Is Rapid City, SD expensive to live in?
Rapid City, SD has a cost of living index of 89.2, which is 10.8% below the national average.
How much does housing cost in Rapid City, SD?
Housing costs in Rapid City, SD are indexed at 72.6 compared to the national average of 100. The median monthly rent is $1,014.
What is the average income in Rapid City, SD?
The median household income in Rapid City, SD is $68,363 per year.
What is the average home price in Rapid City, SD?
The median home value in Rapid City, SD is $248,700.