The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered. We are providing additional data around those topics that can be helpful to gauge your particular situation. The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make living cost comparisons easily and quickly.

The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered. We are providing additional data around those topics that can be helpful to gauge your particular situation. The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make living cost comparisons easily and quickly.

Cost of Living Comparison between Minnetonka, MN vs Rapid City, SD

Moving to Rapid City, SD from Minnetonka, MN with a salary of $60,000

Thinking about moving to another city? Here are two important questions and the numbers to you will need to answer those questions:

How much more or less will it cost to live in the new city?

Look at the percentage difference between the cost of living where you live now, and the cost of living in the new location.

How much more or less will pay for the same or similar job be in the new city?

Look at the percentage increase or reduction in your salary that you could expect if you were to move to that new location

Using these numbers, we calculated the net change in annual disposable income that a move to the new city will have on your wallet and lifestyle.

View Minimum Wage Values in Minnetonka and Rapid City Compared with the Cost of Living

Cost of Living change

Minnetonka, MN to Rapid City, SD

-10.0%

$50k

$100k

Estimated Salary change

Minnetonka, MN to Rapid City, SD

-16.1%

$50k

$100k

Think Carefully…

Looks like this move could have a negative net change in disposable income

$-3,651.4

Explanation

The cost of living in Rapid City, SD is -10.0% lower than in Minnetonka, MN. You would have to earn a salary of $53,981 to maintain your current standard of living.

Employers in Rapid City, SD typically pay -16.1% less than employers in Minnetonka, MN. The same type of job in the same type of company in Rapid City, SD will typically pay $50,330.

Cost of Living at Home

Typical Salary at Work

Current Location

Minnetonka, MN Edit

New Location

Rapid City, SD Edit

Percent Change

-10.0%

-16.1%

Current Employment Statistics in South Dakota.

Employment is up 1.4% over this time last year.

Cost of Living Calculator

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Comments about the Cost of Living in Rapid City, SD

What stores are known for lower grocery prices?

Stores like Costco Wholesale are known to offer low prices. Shopping there can considerably reduce cost of living, as the prices in grocery stores can vary a lot. ( 2024-11-21 salary.com )

Are there good recreational opportunities in or near Rapid City, SD?

Rapid City, SD does not have a major sports team, but don’t worry, check out local colleges and high school sports schedules. These games usually have very cheap tickets and the spirit and enthusiasm of the crowd often makes up for the level of skill. ( 2024-11-21 salary.com )

How much is the average price of internet in Rapid City, SD?

The average cost of internet access in the U.S. is $66.20 per month. There are many providers and various packages that are offered, many that bundle internet, cable, and phone together. Pricing for various packages can vary a lot even in the same location. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. One tip to reduce this cost and your overall cost of living, is to get cable service from another source like Direct TV, Netflix, Sling, Amazon Prime or others. ( 2024-11-21 salary.com )

I am moving with children, what should I do to make the move less stressful for them and myself?

Adults find that moving can sometimes be an emotional and stressful experience. Children, who don’t have the maturity, independence, and understanding of a parent may be even more sensitive to a move. If they are old enough to understand, include the children in making plans for the move. When moving to a distant place, help your children learn about the new area. Check out the website for Rapid City, South Dakota to find opportunities and activities in the new location like parks, beaches, museums, or playgrounds that kids will enjoy and look forward to visiting. ( 2024-11-21 salary.com )

Electricity bills are a big part of my current cost of living and can be really high, what is the cost of electricity in Rapid City, South Dakota?

Electric costs in Rapid City,SD are currently lower than average when compared to other states. Since a year ago the price of electricity in South Dakota has gone down about 1.431%. Electric costs will contribute to the energy component of your overall cost of living. ( 2024-11-21 salary.com )

What kind of child care is available in Rapid City, South Dakota and what is the cost?

The estimated average annual cost for child care in Rapid City, South Dakota (based on state average), is $5661. This cost is ranked NO. 48 nationally. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Some colleges and universities with Childhood Education programs also may have day care centers available at reduced costs, so you should explore those possibilities to see if you can reduce your child care expense. ( 2024-11-21 salary.com )

Should I plan on spending a lot on rent in Rapid City,SD?

In Rapid City,SD, my friend pays $850 for a large 2 bedroom apartment. Since he has 2 children, he needs to have a large apartment. ( 2024-11-21 salary.com )

Are there fun things to in Rapid City, South Dakota that are free or don’t cost a lot?

Looks for areas of Rapid City, South Dakota where there is a large student population. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat. Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your cost of living reasonable. Look at the website for Rapid City, SD to find recommendations for activities that are available and unique to the area. ( 2024-11-21 salary.com )

Will I have to pay a lot in taxes if I move to Rapid City, South Dakota?

The sales tax for Rapid City is 4.5%. This is the tax that you will pay on things that you buy. ( 2024-11-21 salary.com )

Can you save money using public transport?

You could save up to $1,000 per year, depending on your location, by using public transport instead of driving. Not only will you reduce the stress of driving and finding a place to park once you reach your destination, your car and tires will last longer, and you will spend less on gas. A side benefit is that you may be able to relax, work, or read on the way to work, or get to know and chat with other commuters. Some employers offer employees reduced fee bus or transit passes, so check that out with your employer. ( 2024-11-21 salary.com )

Cost of Living Frequently Asked Questions

What is a Cost of Living index and how is it used?

In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family. ( 2024-11-21 salary.com )

What factors are included in estimating your cost of living?

The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison. ( 2024-11-21 salary.com )

The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly. ( 2024-11-21 salary.com )

See how much you can get when it is an hourly pay

Use our Salary Converter Tool, a user-friendly resource designed to see how much your salary will be if converted into hourly/weekly/biweekly/monthly/yearly pay. With just a few clicks, you can gain valuable insights into your earning potential, ensuring you make informed financial decisions.

See how much you can get when it is a yearly pay

Last Update: 2024-11-21