The annual salary statistics of real estate sales agents in Rapid City, South Dakota is shown in Table 1. The wage information of real estate sales agents 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 | $34,910 |
| 25th Percentile Wage | $37,660 |
| 50th Percentile Wage | $42,590 |
| 75th Percentile Wage | $68,280 |
| 90th Percentile Wage | $97,250 |
Table 1 shows the average annual salary for real estate sales agents 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 $97,250. The median (50th percentile) annual salary is $42,590. The average annual salary for the bottom 10 percent earners is $34,910.
The table and chart below show the trend of the median salary of real estate sales agents from 2012 to 2020.
| Year | Median Salary | Yearly Growth | 8-Year Growth |
|---|---|---|---|
| 2020 | $42,590 | -26.72% | -4.58% |
| 2019 | $53,970 | 6.50% | - |
| 2018 | $50,460 | 1.39% | - |
| 2017 | $49,760 | 2.99% | - |
| 2016 | $48,270 | 3.25% | - |
| 2015 | $46,700 | 2.70% | - |
| 2014 | $45,440 | 0.88% | - |
| 2013 | $45,040 | 1.11% | - |
| 2012 | $44,540 | - | - |
From Table 3 we note that the median annual salary of $42,590 in Rapid City is in the middle of salary range for real estate sales agents in state of South Dakota. In comparison, the annual salary of real estate sales agents in Rapid City is 46.4 percent (46.4%) lower than that in the highest paying Eastern South Dakota nonmetropolitan area and 1.1 percent (1.1%) higher than that in the lowest paying Sioux City.
| Cities/Areas | Median Annual Salary |
|---|---|
| Eastern South Dakota nonmetropolitan area | |
| Sioux Falls | |
| Western South Dakota nonmetropolitan area | |
| Rapid City | |
| Sioux City |