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Rapid City, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,328
Population
$73,021
Median Income
$214,700
Home Value
50.1
Median Age

Demographics

Rapid City has a population of 1,328 with a median age of 50.1. Here is the racial and ethnic breakdown of the population:

White
95.1%
Other
3.5%
Hispanic
1.4%
Demographic Value
Total Population1,328
Median Age50.1
White95.1%
Hispanic or Latino1.4%
Other / Two or More Races3.5%
Rapid City, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 95.1%Other: 3.5%Other: 1.4%1,328PopulationWhiteWhite95.1%OtherOther3.5%OtherOther1.4%

Income & Economy

The median household income in Rapid City is $73,021, which is 9.4% below the national median of $80,610. The per capita income is $36,532. The poverty rate is 12.7%.

$73,021
Median Household Income
$36,532
Per Capita Income
12.7%
Poverty Rate

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Education

In Rapid City, 94.3% of residents age 25+ have a high school diploma or higher, and 13.9% hold a bachelor's degree or higher (7.7% with a graduate or professional degree).

HS Diploma+
94.3%
Bachelor's+
13.9%
Graduate+
7.7%
Education Level % of Adults (25+)
High School Diploma or Higher94.3%
Bachelor's Degree or Higher13.9%
Graduate or Professional Degree7.7%

Housing

The median home value in Rapid City is $214,700, below the national median of $303,400. The median monthly rent is $969. The homeownership rate is 84.8%.

$214,700
Median Home Value
$969/mo
Median Rent
84.8%
Homeownership Rate
Housing Metric Value
Median Home Value$214,700
Median Monthly Rent$969
Homeownership Rate84.8%
Vacancy Rate33.1%

Salaries in Michigan

Explore salary data for popular occupations in Michigan:

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Other Cities in Michigan

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Frequently Asked Questions

What is the population of Rapid City, Michigan?
The population of Rapid City, Michigan is 1,328 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Rapid City, Michigan?
The median household income in Rapid City, Michigan is $73,021. This is 9.4% below the national median of $80,610.
What is the median home value in Rapid City, Michigan?
The median home value in Rapid City, Michigan is $214,700. The median monthly rent is $969.
What percentage of people in Rapid City have a college degree?
In Rapid City, Michigan, 13.9% of adults age 25 and older hold a bachelor's degree or higher, and 94.3% have a high school diploma or higher.
Is Rapid City, Michigan an affordable place to live?
The home price-to-income ratio in Rapid City, Michigan is 2.9x (median home value $214,700 vs. median income $73,021), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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