Real Estate Agent Salary in Rapid City, SD: $46,827 (2026)

Real Estate Agent Pay in Rapid City: What to Expect (2026)

Rapid City offers a median real estate agent salary of $46,827, which is $1,041 above the South Dakota state average of $45,786. Compared to the national median of $52,030, Rapid City pays below the national benchmark for this role.

Rapid City's cost of living is 90% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for real estate agents in Rapid City spans from $25,920 at the 10th percentile to $101,160 at the 90th percentile — a $75,240 spread. Entry-level professionals start around $27,000, while senior real estate agents with 8+ years of experience can earn up to $99,000. Rapid City is a smaller market (pop. 74,703), which may mean fewer openings but also less competition for available positions.

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

Percentile	Rapid City	SD State	National
10th Percentile	$25,920	$25,344	$28,800
25th Percentile	$31,860	$31,152	$35,400
Median (50th)	$46,827	$45,786	$52,030
75th Percentile	$68,580	$67,056	$76,200
90th Percentile	$101,160	$98,912	$112,400

Percentile

Rapid City

10th Percentile

$25,920

25th Percentile

$31,860

Median (50th)

$46,827

75th Percentile

$68,580

90th Percentile

$101,160

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.

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.

Real Estate Agent Salary in Rapid City, South Dakota