Rapid City, SD — income, home value, property tax, and sales tax.
In ZIP code 57701, which covers Rapid City, homes carry a median value of $251,200, and the county-level effective property tax rate of 1.08% works out to roughly $2,713 a year in taxes on such a home. With median household income at $56,461, that tax bill equals about 4.8% of a household's annual earnings, a meaningful slice of the budget. Per-capita income sits at $33,046. A combined sales tax rate of 6.20% adds further cost to everyday purchases, tightening what households can set aside after covering housing and taxes.
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