Minot, ND vs Rapid City, SD: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, Rapid City, SD is 2.4% more expensive than Minot, ND (BEA, 2024).
- To keep the same standard of living, $75,000 in Minot works out to about $76,800 in Rapid City, before taxes.
- Most of the difference is housing, which costs 14.7% more in Rapid City. Goods are 0.2% lower and other services 0.8% higher.
- Typical asking rent is $1,457 a month in Rapid City and $1,252 in Minot, $2,460 a year more in Rapid City (Zillow, September 2026).
- A typical home is valued at about $370,000 in Rapid City and $269,000 in Minot.
- The gap has widened since 2019, when Rapid City was 0.8% less expensive than Minot.
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Housing drives the gap: 14.7% higher in Rapid City than in Minot
Price level by category, 2024. US average = 100.
- Minot, ND
- Rapid City, SD
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minot, ND | Rapid City, SD | |
|---|---|---|
| All items | 87.0 | 89.2 |
| Goods | 95.7 | 95.5 |
| Housing (rents) | 63.2 | 72.6 |
| Utilities | 72.9 | 79.1 |
| Other services | 91.2 | 91.9 |
| Category | Minot | Rapid City | Rapid City vs Minot |
|---|---|---|---|
| All items | 87.0 | 89.2 | +2.4% |
| Goods | 95.7 | 95.5 | −0.2% |
| Housing (rents) | 63.2 | 72.6 | +14.7% |
| Utilities | 72.9 | 79.1 | +8.5% |
| Other services | 91.2 | 91.9 | +0.8% |
| Typical asking rent | $1,252 | $1,457 | +16.4% |
| Typical home value | $269,000 | $370,000 | +37.6% |
| Salary to match $75,000 in Minot | $75,000 | $76,800 | +2.4% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Minot and Rapid City has narrowed since 2008: 11.1 points then, 2.1 now
Overall price level each year, 2008–2024. US average = 100.
- Minot, ND
- Rapid City, SD
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minot, ND | Rapid City, SD | |
|---|---|---|
| 2008 | 79.2 | 90.3 |
| 2009 | 86.2 | 90.4 |
| 2010 | 85.2 | 91.8 |
| 2011 | 87.1 | 86.9 |
| 2012 | 90.9 | 94.5 |
| 2013 | 91.8 | 93.3 |
| 2014 | 93.7 | 91.7 |
| 2015 | 90.2 | 89.7 |
| 2016 | 89.6 | 89.8 |
| 2017 | 85.0 | 89.3 |
| 2018 | 91.0 | 92.0 |
| 2019 | 93.1 | 92.4 |
| 2020 | 92.5 | 94.2 |
| 2021 | 89.6 | 92.0 |
| 2022 | 89.6 | 90.6 |
| 2023 | 88.7 | 90.3 |
| 2024 | 87.0 | 89.2 |
Goods
- Minot, ND
- Rapid City, SD
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minot, ND | Rapid City, SD | |
|---|---|---|
| 2008 | 75.5 | 93.2 |
| 2009 | 84.7 | 94.9 |
| 2010 | 93.6 | 95.9 |
| 2011 | 93.7 | 95.8 |
| 2012 | 94.1 | 96.8 |
| 2013 | 93.9 | 96.8 |
| 2014 | 96.0 | 98.1 |
| 2015 | 96.4 | 97.7 |
| 2016 | 94.5 | 96.7 |
| 2017 | 93.8 | 95.1 |
| 2018 | 94.0 | 95.8 |
| 2019 | 96.6 | 97.8 |
| 2020 | 96.4 | 96.6 |
| 2021 | 94.2 | 93.8 |
| 2022 | 94.1 | 94.0 |
| 2023 | 97.0 | 97.4 |
| 2024 | 95.7 | 95.5 |
Housing (rents)
- Minot, ND
- Rapid City, SD
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minot, ND | Rapid City, SD | |
|---|---|---|
| 2008 | 54.2 | 64.6 |
| 2009 | 72.4 | 63.8 |
| 2010 | 51.9 | 70.6 |
| 2011 | 63.9 | 53.4 |
| 2012 | 74.3 | 86.2 |
| 2013 | 88.4 | 79.9 |
| 2014 | 95.3 | 71.6 |
| 2015 | 82.6 | 67.1 |
| 2016 | 87.5 | 69.8 |
| 2017 | 61.9 | 69.3 |
| 2018 | 72.5 | 71.0 |
| 2019 | 76.9 | 72.1 |
| 2020 | 76.9 | 79.0 |
| 2021 | 63.7 | 76.5 |
| 2022 | 71.1 | 81.3 |
| 2023 | 73.9 | 76.9 |
| 2024 | 63.2 | 72.6 |
Utilities
- Minot, ND
- Rapid City, SD
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minot, ND | Rapid City, SD | |
|---|---|---|
| 2008 | 69.2 | 82.3 |
| 2009 | 67.9 | 82.2 |
| 2010 | 74.3 | 80.8 |
| 2011 | 68.9 | 82.2 |
| 2012 | 69.7 | 83.0 |
| 2013 | 71.6 | 83.3 |
| 2014 | 72.2 | 80.0 |
| 2015 | 73.4 | 80.3 |
| 2016 | 75.9 | 80.3 |
| 2017 | 75.6 | 84.1 |
| 2018 | 83.7 | 91.2 |
| 2019 | 83.5 | 89.2 |
| 2020 | 85.2 | 90.0 |
| 2021 | 87.8 | 94.9 |
| 2022 | 82.6 | 89.7 |
| 2023 | 73.6 | 81.7 |
| 2024 | 72.9 | 79.1 |
Other services
- Minot, ND
- Rapid City, SD
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Minot, ND | Rapid City, SD | |
|---|---|---|
| 2008 | 93.3 | 98.5 |
| 2009 | 93.3 | 98.4 |
| 2010 | 92.9 | 98.2 |
| 2011 | 92.3 | 95.9 |
| 2012 | 94.8 | 96.6 |
| 2013 | 92.5 | 96.9 |
| 2014 | 92.9 | 96.1 |
| 2015 | 89.4 | 94.0 |
| 2016 | 88.0 | 94.1 |
| 2017 | 87.7 | 93.4 |
| 2018 | 95.8 | 96.8 |
| 2019 | 96.5 | 97.2 |
| 2020 | 96.3 | 98.2 |
| 2021 | 95.1 | 96.0 |
| 2022 | 92.5 | 91.6 |
| 2023 | 89.6 | 91.0 |
| 2024 | 91.2 | 91.9 |
Rent and home values
Typical asking rent: $1,457 in Rapid City vs $1,252 in Minot
Typical asking rent for a new lease, dollars per month. Quarterly.
- Minot, ND
- Rapid City, SD
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Minot, ND | Rapid City, SD | United States | |
|---|---|---|---|
| Mar 2015 | – | – | $1,145 |
| Jun 2015 | – | – | $1,170 |
| Sep 2015 | – | – | $1,181 |
| Dec 2015 | – | – | $1,182 |
| Mar 2016 | – | – | $1,195 |
| Jun 2016 | – | – | $1,219 |
| Sep 2016 | – | – | $1,225 |
| Dec 2016 | – | – | $1,222 |
| Mar 2017 | – | – | $1,245 |
| Jun 2017 | – | – | $1,270 |
| Sep 2017 | – | $932 | $1,276 |
| Dec 2017 | – | $931 | $1,275 |
| Mar 2018 | – | $925 | $1,296 |
| Jun 2018 | – | $955 | $1,320 |
| Sep 2018 | – | $965 | $1,327 |
| Dec 2018 | – | $940 | $1,329 |
| Mar 2019 | – | $952 | $1,349 |
| Jun 2019 | – | $969 | $1,376 |
| Sep 2019 | – | $972 | $1,383 |
| Dec 2019 | – | $960 | $1,381 |
| Mar 2020 | – | $981 | $1,402 |
| Jun 2020 | – | $994 | $1,406 |
| Sep 2020 | – | $1,010 | $1,410 |
| Dec 2020 | $908 | $1,004 | $1,407 |
| Mar 2021 | $924 | $1,067 | $1,443 |
| Jun 2021 | $942 | $1,088 | $1,512 |
| Sep 2021 | $939 | $1,140 | $1,590 |
| Dec 2021 | $926 | $1,174 | $1,622 |
| Mar 2022 | $927 | $1,255 | $1,661 |
| Jun 2022 | $982 | $1,333 | $1,721 |
| Sep 2022 | $985 | $1,342 | $1,748 |
| Dec 2022 | $1,002 | $1,295 | $1,735 |
| Mar 2023 | $1,013 | $1,291 | $1,757 |
| Jun 2023 | $1,048 | $1,314 | $1,785 |
| Sep 2023 | $1,063 | $1,329 | $1,797 |
| Dec 2023 | $1,045 | $1,331 | $1,786 |
| Mar 2024 | $1,071 | $1,329 | $1,807 |
| Jun 2024 | $1,093 | $1,370 | $1,837 |
| Sep 2024 | $1,102 | $1,373 | $1,845 |
| Dec 2024 | $1,104 | $1,367 | $1,836 |
| Mar 2025 | $1,126 | $1,367 | $1,860 |
| Jun 2025 | $1,161 | $1,382 | $1,880 |
| Sep 2025 | $1,178 | $1,400 | $1,881 |
| Dec 2025 | $1,161 | $1,396 | $1,873 |
| Mar 2026 | $1,190 | $1,404 | $1,894 |
| Jun 2026 | $1,233 | $1,429 | $1,921 |
| Sep 2026 | $1,252 | $1,457 | $1,932 |
Typical home value: $370,000 in Rapid City vs $269,000 in Minot
Typical home value, dollars. Quarterly.
- Minot, ND
- Rapid City, SD
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Minot, ND | Rapid City, SD | United States | |
|---|---|---|---|
| Mar 2015 | $260K | $186K | $189K |
| Jun 2015 | $259K | $188K | $192K |
| Sep 2015 | $258K | $191K | $195K |
| Dec 2015 | $256K | $192K | $199K |
| Mar 2016 | $251K | $195K | $202K |
| Jun 2016 | $245K | $196K | $204K |
| Sep 2016 | $237K | $197K | $206K |
| Dec 2016 | $233K | $199K | $209K |
| Mar 2017 | $232K | $201K | $213K |
| Jun 2017 | $230K | $204K | $216K |
| Sep 2017 | $227K | $206K | $219K |
| Dec 2017 | $220K | $209K | $223K |
| Mar 2018 | $214K | $212K | $227K |
| Jun 2018 | $207K | $213K | $230K |
| Sep 2018 | $201K | $216K | $234K |
| Dec 2018 | $199K | $218K | $236K |
| Mar 2019 | $199K | $222K | $239K |
| Jun 2019 | $199K | $225K | $242K |
| Sep 2019 | $199K | $228K | $244K |
| Dec 2019 | $197K | $233K | $247K |
| Mar 2020 | $196K | $238K | $252K |
| Jun 2020 | $199K | $242K | $255K |
| Sep 2020 | $202K | $246K | $260K |
| Dec 2020 | $207K | $255K | $271K |
| Mar 2021 | $209K | $265K | $282K |
| Jun 2021 | $211K | $280K | $296K |
| Sep 2021 | $216K | $294K | $306K |
| Dec 2021 | $218K | $305K | $314K |
| Mar 2022 | $220K | $324K | $330K |
| Jun 2022 | $227K | $342K | $346K |
| Sep 2022 | $230K | $343K | $348K |
| Dec 2022 | $235K | $343K | $345K |
| Mar 2023 | $242K | $341K | $343K |
| Jun 2023 | $246K | $345K | $347K |
| Sep 2023 | $247K | $348K | $352K |
| Dec 2023 | $245K | $348K | $354K |
| Mar 2024 | $245K | $351K | $357K |
| Jun 2024 | $249K | $353K | $361K |
| Sep 2024 | $252K | $356K | $361K |
| Dec 2024 | $256K | $360K | $363K |
| Mar 2025 | $259K | $362K | $364K |
| Jun 2025 | $258K | $362K | $362K |
| Sep 2025 | $260K | $363K | $362K |
| Dec 2025 | $263K | $367K | $364K |
| Mar 2026 | $265K | $371K | $366K |
| Jun 2026 | $267K | $369K | $365K |
| Sep 2026 | $269K | $370K | $366K |
More about each city
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.