SalaryNode

Average All Occupations Salary in Rapid City, SD

In Rapid City, South Dakota, the average annual salary for All Occupations stands at $54,240. This figure is notably below the national average of $67,140, reflecting regional economic factors and potentially a different industry focus compared to major metropolitan areas. The local job market dynamics and cost of living significantly influence compensation levels for its workforce of 71,890.

Executive Summary

  • Average Salary: $54,240 per year.
  • Growth Trend: Salaries have shifted 21.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $87,280.
  • Outlook: Rapid City's job market for All Occupations demonstrates a stable presence, with a Location Quotient of 1.0 indicating a concentration of these roles on par with the national average. The presence of 1,000 jobs per 1,000 workers suggests a balanced demand and supply dynamic within the local economy. The total workforce of 71,890 signifies a substantial labor pool, underpinning the consistent employment opportunities available.
2024 Market Data

Salary Overview

$54,240

The average All Occupations in Rapid City, SD earns-19.2%below the national average.

BreakdownBased on 40h/week
Hourly

$26.1

Weekly

$1,043

Monthly

$4,520

All Occupations Salary Distribution in Rapid City, SD

Salary progression in Rapid City for All Occupations, like elsewhere, is typically tied to experience and skill development. Entry-level positions will naturally command lower salaries, while senior roles requiring extensive expertise and leadership responsibilities will see significantly higher compensation. The widening gap between entry-level and senior-level salaries serves as a clear indicator of career advancement opportunities and the value placed on seasoned professionals.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$28,590$13.7
ExperiencedProficient professional working independently.25% (Junior)$40,680$19.6
Mid-LevelEstablished expert. Standard market value.50% (Median)$44,260$21.3
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$67,800$32.6
Top TierIndustry leader / Executive level compensation.90% (Expert)$87,280$42

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$54,240

Gross Pay

Real Wage (Purchasing Power)

$54,240

Adjusted for COL (100)

The nominal average salary of $54,240 in Rapid City aligns perfectly with the national average cost of living, indicated by an index of 100. This suggests that while the take-home pay may be lower than in higher cost-of-living areas, the purchasing power of the average salary is equivalent to the national standard, making it a neutral environment for relocation from a cost perspective.

Job Market Context

71,890

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Rapid City, SD has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

With a Location Quotient of 1.0, Rapid City's job market for All Occupations is neither over-saturated nor significantly undersupplied relative to the national landscape. This indicates a competitive yet stable environment where job seekers can find opportunities, and employers can access a workforce that is proportionally representative of national employment trends.

Nearby Job Markets

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Rapid City, SD?

The median annual salary for a All Occupations in Rapid City, SD is $54,240. This typically ranges from $28,590 for entry-level positions to $87,280 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Rapid City, SD is 19.2% lower than the national median of $67,140.

Is Rapid City, SD a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to national averages.The average salary of $54,240 is substantially lower than the national average of $67,140. However, the cost of living is also at the national average, meaning purchasing power is comparable.

Is Rapid City, SD a good place to live for All Occupations?

The Cost of Living Index in Rapid City, SD is 100. While higher than average, this often correlates with higher wages.

How does Rapid City's average salary compare to the national average?

The average annual salary for All Occupations in Rapid City is $54,240, which is $12,900 less than the national average of $67,140.

What is the cost of living in Rapid City, SD?

Rapid City's cost of living index is 100, which is exactly the national average, indicating that everyday expenses are neither significantly higher nor lower than the rest of the country.

How large is the workforce in Rapid City?

Rapid City has a total local workforce of 71,890 individuals across all occupations.

Is there high demand for All Occupations in Rapid City?

The Location Quotient of 1.0 suggests that the concentration of All Occupations jobs in Rapid City is in line with the national average, indicating a balanced market rather than exceptionally high demand.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 71,890 employees in the Rapid City, SD area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Rapid City, SD