Net Worth Percentile in Rapid City
Your national net worth ranking uses Federal Reserve SCF data and is the same wherever you live. But Rapid City’s cost of living is 8% below the national average (COL index: 92), which changes what your net worth actually buys.
Purchasing power in Rapid City
Based on BLS 2023 Consumer Expenditure Survey ($67,130/yr in Rapid City).
Rapid City — key figures
Calculate your net worth rank
Total assets (home equity, investments, retirement, savings) minus total debts (mortgage, loans, credit cards). Negative values are fine.
Frequently asked questions
What net worth puts you in the top 10% in Rapid City?
Nationally, the top 10% of Americans ages 45-54 have a net worth of roughly $1.7M or more. In Rapid City, where cost of living is 8% below the national average (COL index: 92), that $1.7M covers approximately 25.3 years of living expenses compared to 23.3 years at the national average.
How does Rapid City's cost of living affect my net worth ranking?
Rapid City has a cost of living index of 92 (US average = 100). Your national percentile ranking uses Federal Reserve SCF data and is the same regardless of where you live. But your purchasing power differs: $1M in Rapid City covers 14.9 years of average living expenses, versus 13.7 years at the national average.
What is the median household income in Rapid City?
The median household income in Rapid City is $64,000 per year. The national median household income is approximately $74,580 (Census ACS 2023).
What is the median home price in Rapid City?
The median home sale price in Rapid City metro area is approximately $310,000 (2024). For a household with $500K in net worth, that represents 161% of the median home price.