Salary Needed to Live in Rapid City as a Retiree
A retired individual (65+) needs approximately $18,070/year to live comfortably in Rapid City, SD — including 5% savings.
Comfortable Salary
$18,070
with 5% savings
Bare Minimum
$16,849
no savings buffer
Monthly Expenses
$1,039
14% below national avg
Detailed Monthly Budget for a Retiree in Rapid City
| Expense | Rapid City | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $89 | $121 | -26% |
| 🛒 Groceries | $16 | $16 | 0% |
| ⚡ Utilities | $14 | $15 | -7% |
| 🚗 Transportation | $14 | $18 | -22% |
| 🛡️ Car Insurance | $148 | $211 | -30% |
| 🏥 Health Insurance | $50 | $53 | -6% |
| Medicare Supplement | $184 | $200 | -8% |
| Prescription Drugs | $138 | $150 | -8% |
| Internet + Phone | $110 | $120 | -8% |
| Recreation & Social | $184 | $200 | -8% |
| Home Maintenance | $92 | $100 | -8% |
| Total Monthly | $1,039 | $1,204 | -14% |
How We Calculated the Salary
Monthly expenses:$1,039
Target savings (5%):$59/mo
Monthly after-tax needed:$1,098
Effective tax rate:26%
Gross annual salary needed:$18,070
Other Household Types in Rapid City
Related Pages
FAQ
What salary does a retiree need in Rapid City?
A retiree needs approximately $18,070/year ($1,506/month gross) to live comfortably in Rapid City with a 5% savings rate.
How much is rent for a retiree in Rapid City?
A 1-2br senior-friendly in Rapid City costs approximately $89/month, which is the largest single expense at 9% of the total budget.
Is Rapid City affordable for a retiree?
Yes, Rapid City is 14% more affordable than the national average for a retiree.