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

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.