The annual salary statistics of appraisers and assessors of real estate in Rapid City, South Dakota is shown in Table 1. The wage information of appraisers and assessors of real estate in Rapid City is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $36,100 |
| 25th Percentile Wage | $41,820 |
| 50th Percentile Wage | $47,490 |
| 75th Percentile Wage | $57,210 |
| 90th Percentile Wage | $68,210 |
Table 1 shows the average annual salary for appraisers and assessors of real estate in Rapid City, South Dakota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $68,210. The median (50th percentile) annual salary is $47,490. The average annual salary for the bottom 10 percent earners is $36,100.
The table and chart below show the trend of the median salary of appraisers and assessors of real estate from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $47,490 | 1.16% | 5.43% |
| 2017 | $46,940 | 3.64% | - |
| 2016 | $45,230 | 3.34% | - |
| 2015 | $43,720 | -0.85% | - |
| 2013 | $44,090 | -1.86% | - |
| 2012 | $44,910 | - | - |
From Table 3 we note that the median annual salary of $47,490 in Rapid City is in the middle of salary range for appraisers and assessors of real estate in state of South Dakota. In comparison, the annual salary of appraisers and assessors of real estate in Rapid City is 15.8 percent (15.8%) lower than that in the highest paying Sioux Falls and 23.0 percent (23.0%) higher than that in the lowest paying Central South Dakota nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Sioux Falls | |
| Sioux City | |
| Rapid City | |
| Eastern South Dakota nonmetropolitan area | |
| Western South Dakota nonmetropolitan area | |
| Central South Dakota nonmetropolitan area |