Rapid City cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexRapid CitySouth DakotaNational
Cost of living index9289100
IndexRapid CitySouth DakotaNational
Goods & Services index9595100
Groceries index105105100
Health care index9393100
Housing index8775100
Transportation index9191100
Utilities index8787100
An overview of the general cost of living index for Rapid City, SD is displayed above for your reference. Residents in Rapid City, SD enjoy a cost of living index of 92. This index is 4% higher than the South Dakota average, and 8% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Rapid City, SD, the average cost of goods and services is equal to it is in South Dakota, and it is 5% lower than the national average.

Did you know?

  • The cost of living in Rapid City is 4% higher than the South Dakota average.
  • The cost of living in Rapid City is 8% lower than the national average.
  • The cost of housing in Rapid City is 13% lower than the national average.
  • South Dakota general sales tax is 21% lower than the national average.
  • South Dakota state income tax is 100% lower than the national average.

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Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in Rapid City, SD to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Rapid City, SD, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Rapid City, SD salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$62,188$5,182$1,451$1,866
Renters$30,725$2,560$717$922
One can approximate the cost of living and the housing affordability in Rapid City, SD by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Rapid City, SD have a median income of $62,188. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,451 per month to avoid calamity and poverty. The renters in the city have an income of about $30,725, which would make their monthly maximum allowable rental costs $717.

South Dakota Sales Tax

StateGeneral Sales TaxWith Max Surtax
South Dakota4%6%

South Dakota Income Tax

StateIncome Tax (Low)Income Tax (High)
South Dakota0%0%
When assessing the complete cost of living in Rapid City, SD, the South Dakota income tax and the South Dakota sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The South Dakota maximum surtax is 6%, and the South Dakota sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in South Dakota.

Goods & Services

ItemRapid CityNational avg.Difference
Haircut $14.08$14.593.5%
Beauty Salon $25.78$34.6825.7%
Toothpaste $2.46$2.470.5%
Shampoo $1.19$1.0216.4%
Movie $8.50$9.8713.9%
Bowling $4.50$4.392.5%

Groceries

ItemRapid CityNational avg.Difference
Ground Beef $4.14$4.487.5%
Fried Chicken $1.70$1.4616.1%
Milk $2.43$2.363.1%
Potatoes $2.83$3.067.6%
Pizza $8.00$9.2413.4%
Beer $9.21$8.636.7%

Health Care

ItemRapid CityNational avg.Difference
Optometrist $108.00$99.788.2%
Doctor $100.50$105.034.3%
Dentist $72.80$88.7017.9%
Ibuprofen $9.40$9.410.1%
Lipitor $302.33$298.501.3%

Housing

ItemRapid CityNational avg.Difference
Home Price $153,900.00$175,700.0012.4%
Avg. Mortgage Payment $1,425.16$1,081.0331.8%
Apartment Rent $779.00$920.0015.3%

Transportation

ItemRapid CityNational avg.Difference
Gasoline $1.98$2.095.3%
Tire Balancing $35.79$45.2921.0%

Utilities

ItemRapid CityNational avg.Difference
All Electricity$131.53$170.8023.0%
Phone $28.50$28.260.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Ashland Heights, SD62278-22%
Keystone, SD36587-13%
Blackhawk, SD2,75489-11%
Box Elder, SD8,68390-10%
Green Valley, SD63991-9%
Rapid City, SD70,12692-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Goodyear, AZ70,1481000%
Loveland, CO70,0931066%
Muncie, IN70,03575-25%
Jonesboro, AR70,21787-13%
Lafayette, IN69,98285-15%
Rapid City, SD70,12692-8%
Source: The Rapid City, SD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.