Real Estate Agent Salary in Rapid City, SD: Median $30,670 in 2026
Rapid City (SD) · COL index 93 · Unemployment 2.8% · Metro pop 150,000 · Rank #176 of 283 for Real Estate Agent salary
A Real Estate Agent in Rapid City earns an estimated median of $30,670 per year. That figure starts from the South Dakota state-level BLS Occupational Employment and Wage Statistics median[1]($29,070) and scales it by Rapid City's composite cost-of-living index of 93 (US = 100). The 10th percentile comes in around $25,184; the 90th percentile reaches $38,931. After federal, South Dakota state (no state income tax), and FICA taxes, a single-filer Real Estate Agent takes home approximately $26,771/year — about $2,231/month or $1,030 every other week.
Compared to the national Real Estate Agent median of $54,300, Rapid City pays -43.5%. Relative to the Rapid City median household income of $58,500, a Real Estate Agentsalary runs -47.6%. Local unemployment is 2.8%[3], with an estimated 31 annual Real Estate Agent openings inferred from metro population share and national employment (467,200).
Real Estate Agent Snapshot — Rapid City (2026)
Every row cites a primary public dataset. Rent + home values use Zillow where the metro is in the ZHVI/ZORI coverage set; otherwise ACS + census tract fallbacks.
| Metric | Rapid City | National | Source |
|---|---|---|---|
| Real Estate Agent median salary | $30,670 | $54,300 | [1] |
| 10th percentile | $25,184 | $32,080 | [1] |
| 90th percentile | $38,931 | $159,220 | [1] |
| Annual take-home (single filer) | $26,771 | — | [8][10] |
| Median home value (ZHVI) | $369,930 | — | [5] |
| Median rent (ZORI) | $1,352/mo | — | [5] |
| HUD Fair Market Rent (2BR) | $1,250/mo | — | [6] |
| Median household income (ACS) | $71,985 | — | [7] |
| Cost-of-living index | 93.0 | 100.0 | [4] |
| Unemployment rate | 2.8% | — | [3] |
How Real Estate Agent Salaries Work in Rapid City
City-level wages aren't published directly by BLS for most SOC codes. We build them by anchoring to the South Dakota state-level OEWS median ($29,070) and scaling by Rapid City's composite cost-of-living index (93)[1][4]. That index combines Census ACS rent, Zillow ZHVI, BLS CPI, and AdvisorSmith / ApartmentAdvisor inputs to produce one number per metro. When BLS publishes a separate metro-level wage (MSA-level OEWS), that takes priority — a handful of large metros including New York, LA, Chicago, and DC have this coverage.
On top of the gross wage, the standard US payroll stack applies: federal income tax using 2025 IRS brackets and the $15,000 single standard deduction[8], FICA (Social Security 6.2% up to $176,100 wage base + Medicare 1.45%)[9], and no South Dakota state income tax — a meaningful wedge worth $1,534–$2,147 per year vs average-tax states[10].
Rapid City also sits inside a larger metro labor market where commute patterns, remote-work policies, and adjacent-metro wages compete. A tight labor market (unemployment below 4%) gives candidates pricing power in negotiations. Median household income in the metro is $71,985, which frames what "a good Real Estate Agent salary" means locally: a $$30,670 wage pays about 43% of the median household income on a single earner.
The deterministic identity: take_home = gross − federal − state − FICA − pre_tax. All math runs client-side; nothing is sent to our servers.
Cost of Living Breakdown — Rapid City
Estimated annual expense shares on a $26,771 take-home, using BLS Consumer Expenditure Survey baseline shares scaled to Rapid City's COL index of 93. Housing uses the actual median rent.
BLS Consumer Expenditure Survey shares[1], scaled by Rapid City's COL index of 93[4]. Housing uses actual median rent of $1,050/month.
Salary vs Housing Affordability in Rapid City
Renting
Buying
At $2,231/mo take-home, the 30% rent rule caps housing at $669/mo. Rapid City's typical 1–2BR rent runs $1,352/mo[5] (HUD 2BR FMR: $1,250/mo), making rent cost-burdened on a median Real Estate Agent salary. For homebuyers, the 9.9× price-to-income ratio is stretched — expect DTI friction on FHA / conventional underwriting without a co-borrower.
How Rapid City Stacks Up for Real Estate Agents
Against 283 major US cities: Rapid City ranks #176 for nominal Real Estate Agent salary, #89 for rent affordability, and #112 for overall purchasing power. High cost of living absorbs much of Rapid City's nominal wage premium. Real Estate Agents here often trade pay for lifestyle, proximity to employers, or family roots — consider nearby metros on a salary-to-COL basis.
Nearby Cities — Real Estate Agent Salary Comparison
Rapid City's closest metros, scaled by each city's cost-of-living index. Useful for relocation decisions where commute or remote-work policies allow a neighboring metro trade-off.
| City | Est. salary | COL | Rent | vs SD |
|---|---|---|---|---|
| Rapid City, SD ★ | $30,670 | 93 | $1,050 | — |
| Sioux Falls, SD | $49,413 | 91 | $865 | +61.1% |
| Knoxville, TN | $50,499 | 93 | $1,100 | +64.7% |
| Albuquerque, NM | $50,499 | 93 | $900 | +64.7% |
| Fargo, ND | $50,499 | 93 | $1,073 | +64.7% |
| Midland, TX | $50,499 | 93 | $1,250 | +64.7% |
Real Estate Agent Job Market in Rapid City
Rapid City has an estimated 31 annual Real Estate Agentopenings, extrapolated from the metro's share of 467,200 national Real Estate Agents[1]. The 2.8% unemployment rate[3] signals a competitive labor market where skilled professionals can push for top-of-band offers.
About the profession: Real estate agents help clients buy, sell, and rent properties. Most are self-employed and earn commission-based income, making tax planning and deductions critical. Typical entry requirement: high school diploma plus license. Projected growth through 2034: 3%[2].
Career Progression & Related Professions in Rapid City
Early-career Real Estate Agents in Rapid City start around $25,184, reach the city median ($30,670) after 4–8 years, and hit 90th-percentile territory ($38,931) at senior / specialized levels.
Related service professions in Rapid City
Calculators for Real Estate Agents in Rapid City
Other professions in Rapid City
Frequently Asked Questions — Real Estate Agent in Rapid City
How much does a Real Estate Agent make in Rapid City, SD?
The estimated median salary for a Real Estate Agent in Rapid City is $30,670/year, scaled from the BLS OEWS South Dakota state median ($29,070) by Rapid City's composite cost-of-living index of 93 (US = 100). After federal, South Dakota state, and FICA taxes, take-home is approximately $26,771/year or $2,231/month.
Can a Real Estate Agent afford to live in Rapid City?
On $2,231/month take-home, the 30% rent rule affords $669/month. Rapid City's Zillow ZORI median rent is $1,352/mo, HUD's 2BR Fair Market Rent is $1,250/mo. The rent-to-income ratio works out to 41.1%, making housing cost-burdened for a Real Estate Agent at the local median. Home-buyers face 9.9× price-to-income, needing roughly 9.9 years to save a 20% down payment at a 20% savings rate.
How much tax does a Real Estate Agent pay in Rapid City?
On $30,670 gross, a Real Estate Agent in Rapid City pays approximately $1,552 in federal income tax (5.1% effective), $0 in state income tax (South Dakota has no state individual income tax), and $2,347 in FICA (Social Security + Medicare). Total effective rate: 12.7%. Some South Dakota cities levy local income taxes in addition; check your municipal DoR before filing.
How does Rapid City rank for Real Estate Agent salaries vs other cities?
Rapid City ranks #176 out of 283 tracked metros for nominal Real Estate Agent salary, #89 for rent affordability (rent-to-income), and #112 for purchasing power (salary ÷ COL). The high-purchasing-power cities tend to be mid-size metros with strong local employers and moderate housing costs; the low-ranked cities trade high nominal pay for steep rents.
What is the cost-of-living breakdown for a Real Estate Agent in Rapid City?
On $26,771 take-home, a reasonable baseline budget for Rapid City looks like: housing $12,600/yr (47.1%); food $3,078/yr; transportation $2,602/yr; healthcare $1,835/yr; utilities $1,292/yr; savings + discretionary $5,364/yr. Numbers use BLS Consumer Expenditure Survey shares scaled to Rapid City's COL index of 93 and the city's actual median rent.
What's the Real Estate Agent job market like in Rapid City?
Rapid City's unemployment rate is 2.8% across the metro of 150,000. Estimated annual Real Estate Agent openings: ~31 (extrapolated from 467,200 nationally employed and the metro's population share). The tight labor market favors candidates in salary negotiations.
Do Rapid City employers pay above or below the South Dakota median for Real Estate Agents?
Not consistently — Rapid City's estimated Real Estate Agent median of $30,670 is 43.5% below the national median. The trade-off is usually lower rents and (in some cases) lower state taxes, which can leave real purchasing power competitive.
Methodology — How we compute this page
Wage estimate. The Rapid City median is derived from the South Dakota state-level BLS OEWS median ($29,070), scaled by Rapid City's composite cost-of-living index of 93. When BLS publishes a direct MSA-level wage for the occupation, that takes priority over the scaled state median. Percentile bands inherit the same scale factor.
Housing + rent. Median home value uses Zillow ZHVI; median rent prefers Zillow ZORI and falls back to Census ACS median gross rent. HUD Fair Market Rents (50th-percentile 2BR) are shown where HUD publishes the metro. Price-to-income and rent-to-income ratios use the estimated Real Estate Agentmedian (not the city's overall median household income) — to reflect the specific role-vs-city affordability picture.
Tax math. Federal tax uses 2025 IRS brackets and the $15,000 single standard deduction. FICA is Social Security 6.2% up to the $176,100 wage base + Medicare 1.45% (+ 0.9% Additional Medicare above $200,000). State tax uses South Dakota's 2026 brackets from the state DoR (mirrored via Tax Foundation where the DoR's publication is paywalled or split). Local income taxes (e.g. NYC, Portland-OR supplemental, OH municipal) are NOT included — check your municipal authority for specifics.
Cost of living. The 93index is the composite used by CalcFi's /data/cities.ts, which merges Census ACS, BLS CPI shelter, Zillow ZORI, and commercial COL estimators. The COL-adjusted salary on this page assumes the statewide RPP = 88.1(BEA) approximates the state's purchasing power; cities are then scaled relative to that.
Refresh cadence. BLS OEWS releases annually (typically March); BEA RPP releases annually in December; IRS brackets adjust in October; Zillow ZHVI/ZORI updates monthly; HUD FMR publishes annually in August for the upcoming fiscal year. The dateModified shown above auto-bumps to the most recent retrievedAt on any sourced value the page consumes.
Known limits. Metro-level OEWS coverage is partial — only ~50 large MSAs have separately published occupation wages; the rest inherit state-level estimates scaled by COL. Rent and home data may trail the real-time market by 1–3 months (Zillow) or 8–12 months (ACS). Rankings are capped to the city set in our dataset (283 metros), not every incorporated US city.
Sources
Every number on this page cites a primary public dataset. Last reviewed (auto-bumped on the next ISR refresh after an ETL run).
- BLS Occupational Employment and Wage Statistics (OEWS) — state-level occupational wages — www.bls.gov/oes. Retrieved 2026-04-19.
- BLS Employment Projections — 2024–34 occupational growth rates — www.bls.gov/emp. Retrieved 2026-04-19.
- BLS Local Area Unemployment Statistics — metro-level unemployment rate — www.bls.gov/lau. Retrieved 2026-04-19.
- Bureau of Economic Analysis — Regional Price Parities (state + metro) — www.bea.gov/data/prices-inflation/regional-price-parities-state-and-metro-area. Retrieved 2026-04-19.
- Zillow Research — ZHVI (home value index) + ZORI (observed rent index) — www.zillow.com/research/data. Retrieved 2026-04-19.
- HUD Fair Market Rents — 50th-percentile 2-bedroom FY — www.huduser.gov/portal/datasets/fmr.html. Retrieved 2026-04-19.
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates, metro level — www.census.gov/programs-surveys/acs. Retrieved 2026-04-19.
- Internal Revenue Service — Federal individual income tax brackets and standard deductions — www.irs.gov/forms-pubs/about-publication-17. Retrieved 2026-04-19.
- Social Security Administration — OASDI / Medicare contribution and wage-base rules — www.ssa.gov. Retrieved 2026-04-19.
- South Dakota Department of Revenue — 2026 individual income tax brackets (accessed via Tax Foundation mirror) — taxfoundation.org/data/all/state/state-income-tax-rates. Retrieved 2026-04-19.
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