South Dakota’s Community Profile

South Dakota Profiles

The South Dakota of today is characterized by...

  • Strong work ethic and high productivity workforce
  • #1 business tax climate in America
  • Accessibility to leaders to get the job done

Workforce

  • Prepared: We annually have a steady supply of young workers eager for the opportunity to make a living in South Dakota.We’re committed to equipping our youth with the skills they need for their future.
  • Productive: #3 Most Productive Workforce

Business climate
#1 State Business Tax Climate (Tax Foundation)
#1 Environment for Entrepreneurs (Small Business & Entrepreneurship Council)
#1 Small City for Business: Sioux Falls; #11: Rapid City (Forbes)
#8 Corporate Business Environment (Pollina Corporate Real Estate)
#8 BHI Competitiveness Index (Beacon Hill Institute for Public Policy Research)

926,163
Population
38.1
Median Age
41
Diversity Index

Population Demographics

As of 2024 the population of South Dakota Profiles is 926,163. The population is expected to grow to 964,021 by 2029 - a growth rate of 0.80%.

The median age of South Dakota Profiles residents is 38.

The diversity index of South Dakota Profiles is 41.2, meaning that there is a 41% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.

$95,640
Average Household Income
$75,868
Average Disposable Income
413,492
Housing Units
$326,340
Average Home Value

Housing and Income

The average household income in South Dakota Profiles is $95,640 and projected to be $109,683 in 2029. Per capita income is $37,979, projected to be $43,615 in 2029. 2.97% of households – 27,484 – have an income of $200,000 or higher. Average net worth is $980,777 and the average disposable income is $75,868.

There are 413,492 housing units in South Dakota Profiles; 245,122 are owner-occupied, 121,520 are rented, and 46,850 are vacant. The average home value is $326,340, with 47,918 homes built in 2010 or later, and 64,991 built in 1939 or earlier.

355,465
Workforce
38.00%
Unemployment Rate
41
Veteran Population
199,605
Bachelor's Degree or Higher

Business and Workforce

There are 45,708 businesses in South Dakota Profiles, employing 519,229 workers and pulling from a labor force of 449,118 age 16 and above. 82,749 workers commute into South Dakota Profiles from outside the county or state. Key industries for the area include:

355,465 residents both live and work in/around South Dakota Profiles. The average travel time is 17.4 minutes. 9.21% people have a commute of less than 5 minutes while 1.49% commute 90 minutes or more each way. Of commuters, 354,015 drive alone, 35,206 carpool, and 1,734 take public transportation. 19,445 use other modes of transport such as motorcycle, bicycle, walking, etc. 38,313 residents work from home.

181,106 members of the workforce hold a high school diploma or GED. 91,324 have associates degrees, 138,413 have bachelor’s degrees, and 61,192 hold a graduate or professional degree.