Business & Finance Rapid City, SD Pop. 74,703

Real Estate Agent Salary in Rapid City, South Dakota

The median real estate agent salary in Rapid City, SD is $46,827 per year, which is 10% below the national median and 2.3% above the South Dakota state average.

City Median
$46,827
vs State Avg
+$1,041
vs National
$-5,203
Cost of Living
90%

Real Estate Agent Salary in Rapid City by Experience

In Rapid City, an entry-level real estate agent earns around $27,000, while experienced professionals earn up to $99,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$27,000
$-3,000 vs national
Mid Level (3-7 yrs)
$49,500
$-5,500 vs national
Senior Level (8+ yrs)
$99,000
$-11,000 vs national

Salary Percentiles in Rapid City, SD

Percentile Rapid City
10th Percentile $25,920
25th Percentile $31,860
Median (50th) $46,827
75th Percentile $68,580
90th Percentile $101,160

Real Estate Agent Salary in Other South Dakota Cities

Sioux Falls, SD
$47,868
Pop. 192,517
Brookings, SD
$44,746
Pop. 24,194
Aberdeen, SD
$43,705
Pop. 28,324
Mitchell, SD
$42,665
Pop. 15,660

How to Become a Real Estate Agent in Rapid City

Education

Most real estate agent positions require a high school diploma. Rapid City and the surrounding South Dakota area have institutions offering relevant programs.

Key Skills

NegotiationMarket AnalysisCustomer ServiceMLS SystemsMarketingContract Knowledge

Job Outlook

Nationally, real estate agent employment is projected to grow 3% over the next decade (as fast as average). Demand in Rapid City may vary based on local industry and population growth.

Find Real Estate Agent Jobs in Rapid City

Browse open real estate agent positions in Rapid City, SD:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Real Estate Agent Salary in Rapid City

How much does a Real Estate Agent make in Rapid City, SD? ▼
The median real estate agent salary in Rapid City, South Dakota is $46,827 per year, which is 10% below the national median of $52,030. Salaries range from $25,920 (10th percentile) to $101,160 (90th percentile).
How much does a Real Estate Agent make per hour in Rapid City? ▼
Based on the median annual salary of $46,827, a real estate agent in Rapid City earns approximately $23 per hour assuming a standard 2,080-hour work year.
How does Rapid City compare to the South Dakota state average for real estate agent pay? ▼
Rapid City's median real estate agent salary of $46,827 is 2.3% above the South Dakota state average of $45,786. The local cost of living index is 90% of the national average.
What is the cost of living in Rapid City, SD? ▼
Rapid City has a cost of living index of 90% compared to the national average. This means a real estate agent salary of $46,827 in Rapid City has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a real estate agent in Rapid City? ▼
Most real estate agent positions in Rapid City require a high school diploma. Key skills include Negotiation, Market Analysis, Customer Service, MLS Systems. The job market is projected to grow 3% nationally over the next decade.