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

Real Estate Appraiser Salary in Rapid City, South Dakota

The median real estate appraiser salary in Rapid City, SD is $55,638 per year, which is 10% below the national median and 2.3% above the South Dakota state average.

City Median
$55,638
vs State Avg
+$1,236
vs National
$-6,182
Cost of Living
90%

Real Estate Appraiser Salary in Rapid City by Experience

In Rapid City, an entry-level real estate appraiser earns around $34,200, while experienced professionals earn up to $86,400 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$34,200
$-3,800 vs national
Mid Level (3-7 yrs)
$56,700
$-6,300 vs national
Senior Level (8+ yrs)
$86,400
$-9,600 vs national

Salary Percentiles in Rapid City, SD

Percentile Rapid City
10th Percentile $32,400
25th Percentile $41,400
Median (50th) $55,638
75th Percentile $72,000
90th Percentile $91,800

Real Estate Appraiser Salary in Other South Dakota Cities

Sioux Falls, SD
$56,874
Pop. 192,517
Brookings, SD
$53,165
Pop. 24,194
Aberdeen, SD
$51,929
Pop. 28,324
Mitchell, SD
$50,692
Pop. 15,660

How to Become a Real Estate Appraiser in Rapid City

Education

Most real estate appraiser positions require a bachelor's degree. Rapid City and the surrounding South Dakota area have institutions offering relevant programs.

Key Skills

Property ValuationMarket AnalysisReport WritingUSPAP StandardsMLS SystemsAttention to Detail

Job Outlook

Nationally, real estate appraiser employment is projected to grow 5% over the next decade (faster than average). Demand in Rapid City may vary based on local industry and population growth.

Find Real Estate Appraiser Jobs in Rapid City

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

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Frequently Asked Questions: Real Estate Appraiser Salary in Rapid City

How much does a Real Estate Appraiser make in Rapid City, SD? ▼
The median real estate appraiser salary in Rapid City, South Dakota is $55,638 per year, which is 10% below the national median of $61,820. Salaries range from $32,400 (10th percentile) to $91,800 (90th percentile).
How much does a Real Estate Appraiser make per hour in Rapid City? ▼
Based on the median annual salary of $55,638, a real estate appraiser in Rapid City earns approximately $27 per hour assuming a standard 2,080-hour work year.
How does Rapid City compare to the South Dakota state average for real estate appraiser pay? ▼
Rapid City's median real estate appraiser salary of $55,638 is 2.3% above the South Dakota state average of $54,402. 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 appraiser salary of $55,638 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 appraiser in Rapid City? ▼
Most real estate appraiser positions in Rapid City require a bachelor's degree. Key skills include Property Valuation, Market Analysis, Report Writing, USPAP Standards. The job market is projected to grow 5% nationally over the next decade.