Rapid Valley, SD Cost Of Living
Cost Of Living In Rapid Valley, SD Summary
Cost of living in Rapid Valley research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Rapid Valley is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in South Dakota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Rapid Valley is 95, with 100 being the average.
The cost of living index in Rapid Valley is 0.9x lower than the national average.
Rapid Valley ranks as the #12 cheapest in South Dakota out of 19.
Rapid Valley ranks as the #1,954 cheapest out of 6,489 in the US.
The median home value in Rapid Valley is $301,420.
The median income in Rapid Valley is $85,217.
Table Of Contents
Rapid Valley's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Rapid Valley, SD?
According to the most recent data on the cost of living, Rapid Valley has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to South Dakota, Rapid Valley has a cost of living index that's 1.1x higher than South Dakota's index of 88.
The standard of living in Rapid Valley ranks as #12 most affordable out of the 19 places we measured in South Dakota. By definition, that implies Rapid Valley ranks as the #7 most expensive place in the Mount Rushmore State.
For more reading on life in Rapid Valley, check out:
In South Dakota
In America
Rapid Valley Cost Of Living Vs. South Dakota
Six factors go into calculating the cost of living index in Rapid Valley. Here is how it fairs on each of the criteria:
The Services index in Rapid Valley is 98.
The Groceries index in Rapid Valley is 98.
The Health index in Rapid Valley is 100.
The Housing index in Rapid Valley is 94.
The Transportation index in Rapid Valley is 104.
The Utilities index in Rapid Valley is 87.
| Living Expense | Rapid Valley | South Dakota | National Average | |
|---|---|---|---|---|
| Overall | 95 | 88 | 100 | |
| Services | 98 | 95 | 100 | |
| Groceries | 98 | 98 | 100 | |
| Health | 100 | 100 | 100 | |
| Housing | 94 | 78 | 100 | |
| Transportation | 104 | 95 | 100 | |
| Utilities | 87 | 89 | 100 | |
Rapid Valley, SD Housing Cost Breakdown
Housing swings affordability the most between places in South Dakota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Rapid Valley is $301,420.
The Median Rent in Rapid Valley is $1,263.
The Median Income in Rapid Valley is $85,217.
The Home Value To Income in Rapid Valley is 3.5x.
The Rent To Monthly Income in Rapid Valley is 0.18x.
| Statistic | Rapid Valley | South Dakota | United States |
|---|---|---|---|
| Median Home Value | $301,420 | $315,406 | $303,400 |
| Median Rent | $1,263 | $912 | $1,348 |
| Median Income | $85,217 | $72,421 | $78,538 |
| Home Value To Income | 3.5x | 4.4x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.15x | 0.21x |
Median Home Value
Median Rent
Median Income
Rapid Valley, SD Costs By Category
Detailed Rapid Valley Services Costs Vs. South Dakota
| Item | Rapid Valley | South Dakota |
|---|---|---|
| Shampoo | $1.22 | $1.28 |
| Movie | $11.69 | $12.13 |
| Bowling | $19.55 | $18 |
| Haircut | $28.63 | $24.26 |
| Beauty Salon | $42.85 | $45.56 |
Detailed Rapid Valley Groceries Costs Vs. South Dakota
| Item | Rapid Valley | South Dakota |
|---|---|---|
| Ground Beef | $6.37 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.71 | $4.67 |
| Potatoes | $4.42 | $4.93 |
| Pizza | $11.6 | $12.09 |
| Beer | $9.34 | $10.41 |
| Toothpaste | $3.46 | $3.7 |
Detailed Rapid Valley Health Costs Vs. South Dakota
| Item | Rapid Valley | South Dakota |
|---|---|---|
| Optometrist | $135.93 | $125.68 |
| Doctor | $154.12 | $135.78 |
| Dentist | $109.45 | $113.29 |
Detailed Rapid Valley Transportation Costs Vs. South Dakota
| Item | Rapid Valley | South Dakota |
|---|---|---|
| Gasoline | $3.65 | $3.46 |
| Tire Balancing | $58.31 | $59.92 |
Detailed Rapid Valley Utilities Costs Vs. South Dakota
| Item | Rapid Valley | South Dakota |
|---|---|---|
| All Electricity | $158.39 | $193.99 |
| Phone | $194.38 | $192.25 |
Rapid Valley SnackAbility
/10
Cost Of Living In Cities Around Rapid Valley
The cost of living varies in the cities and towns around Rapid Valley. Here's a quick look at the cost of living in the most populous nearby places:
Spearfish, SD has a cost of living index of 102, 1.1x Rapid Valley.
Box Elder, SD has a cost of living index of 100, 1.1x Rapid Valley.
Sturgis, SD has a cost of living index of 91, 1.0x Rapid Valley.
| City | Population | Cost Of Living | Vs. Rapid Valley |
|---|---|---|---|
| Spearfish, SD | 12,551 | 102 | 1.1x |
| Box Elder, SD | 12,457 | 100 | 1.1x |
| Sturgis, SD | 7,111 | 91 | 1.0x |
