Can A Financial Analyst Afford Rent in Rapid City, SD?

Comfortably affordable — rent takes 19% of gross income.

Rapid City rent: June 2026. Salary: BLS OEWS May 2024 (South Dakota state estimate).

Rapid City median rent
$1,443/mo
Financial Analyst salary (South Dakota)
$90,939/yr
Rent as % of income
19%
Gross monthly income works out to about $7,578, and the 30% rule supports up to $2,273/mo in rent. Rapid City's median rent of $1,443 leaves roughly $830/mo of headroom under that threshold. A financial analyst works roughly 33 hours a month to cover that rent.

About rent and a financial analyst salary

Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.

Cheaper rent nearby

These South Dakota cities have lower median rent than Rapid City, which improves the affordability math on a financial analyst salary:

Box Elder, SD
$1,441/mo (19% of income)
Brookings, SD
$1,434/mo (18.9% of income)
Harrisburg, SD
$1,431/mo (18.9% of income)

Compare with full rent data for Rapid City

View full rent data for Rapid City, SD

Frequently asked questions

Can a financial analyst afford rent in Rapid City, SD?

Median rent in Rapid City is $1,443 a month. A typical financial analyst in South Dakota earns about $90,939 a year, which makes that rent 19% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a financial analyst afford in Rapid City?

Using the 30% rule, a financial analyst salary in South Dakota (~$90,939/yr) supports up to $2,273 a month in rent. Rapid City's current median rent is $1,443/mo, which leaves a $830/mo buffer.

How many hours does a financial analyst work to cover rent in Rapid City?

At an hourly equivalent of about $44 an hour, a financial analyst in South Dakota works roughly 33 hours a month to cover Rapid City's median rent of $1,443.

Where is rent cheaper than Rapid City for a financial analyst?

Nearby South Dakota cities with lower median rent include Box Elder ($1,441/mo), Brookings ($1,434/mo), Harrisburg ($1,431/mo). Each shifts the affordability math materially on a financial analyst salary.

Methodology: Salary uses the BLS-derived South Dakota state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Rapid City, SD. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.