Housing costs in Rapid City?
A typical home costs
$255,200, which is 24.5% less expensive than the national average of
$338,100 and 4.8% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Rapid City costs
$950 per month, which is 4.4% more than the national average of
$910 and 5.3% cheaper than the state average of
$1,000.
Can I afford Rapid City?
To live comfortably in Rapid City (zip 57701), South Dakota, a minimum annual income of
$48,960 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Rapid City?
The cost of living in 57701 Rapid City, SD is relatively low compared to the national average. According to a study done by BestPlaces, the cost of living index for Rapid City is 77.19, which is lower than the United States index of 100. This means that goods and services are generally less expensive in Rapid City when compared to other places in the US. The cost of housing is especially affordable; rent for a one-bedroom apartment averages around $700 per month, while utilities and groceries can be as low as $150 and $200 respectively. Overall, living in 57701 Rapid City, SD offers a good quality of life at an affordable price point.