Business & Finance Rapid City, SD
Pop. 74,703
Economist Salary in Rapid City, South Dakota
The median economist salary in Rapid City, SD is $102,546 per year, which is 10% below the national median and 2.3% above the South Dakota state average.
City Median
$102,546
vs State Avg
+$2,279
vs National
$-11,394
Cost of Living
90%
Economist Salary in Rapid City by Experience
In Rapid City, an entry-level economist earns around $58,500, while experienced professionals earn up to $166,500 per year. The local cost of living index is 90% of the national average.
Entry Level (0-2 yrs)
$58,500
$-6,500 vs national
Mid Level (3-7 yrs)
$103,500
$-11,500 vs national
Senior Level (8+ yrs)
$166,500
$-18,500 vs national
Salary Percentiles in Rapid City, SD
| Percentile | Rapid City |
|---|---|
| 10th Percentile | $55,800 |
| 25th Percentile | $73,800 |
| Median (50th) | $102,546 |
| 75th Percentile | $139,500 |
| 90th Percentile | $178,200 |
Economist Salary in Other South Dakota Cities
How to Become a Economist in Rapid City
Education
Most economist positions require a master's degree. Rapid City and the surrounding South Dakota area have institutions offering relevant programs.
Key Skills
EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis
Job Outlook
Nationally, economist employment is projected to grow 6% over the next decade (faster than average). Demand in Rapid City may vary based on local industry and population growth.