51 South Dakota Business Stats & Facts For 2025

Here are 51 business stats about South Dakota for 2025.

Basics:

Population: 919,318 (US Census 2020)
Population desnity per square mile: 11.70
GDP: $72,421 (millions USD)
GDP Per Capita: $79,412
Median household income (in 2022 dollars): $69,457
Real GDP Growth Rate: 2.50%
Total Employment: 508.7k
Unemployment Rate: 2.0%

Rankings

% Share of National Economy: 0.26%
State Economic Growth Rank (out of 50): 47
Population Growth Rank (out of 50): 15
Business Growth Rank (out of 50): 18
State Growth Rank in Employment (out of 50): 28

Biggest Industries In South Dakota By Revenue

1. Hospitals: $9.4b
2. Corn, Wheat & Soybean Wholesaling: $8.7b
3. Meat, Beef & Poultry Processing: $4.5b
4. Scientific Research & Development: $4.4b
5. Commercial Banking: $4.3b
6. Life Insurance & Annuities: $4.0b
7. Farm Supplies Wholesaling: $3.6b
8. Property, Casualty and Direct Insurance: $3.6b
9. Health & Medical Insurance: $3.5b
10. Gas Stations with Convenience Stores: $3.4b

Biggest Employers In South Dakota

1. Avera Health: 20,000 (3.9%)
2. Walmart: 5,857 (1.2%)
3. Monument Health: 5,100 (1.0%)
4. Ellsworth Air Force Base: 4,252 (0.8%)
5. Sanford Health: 4,000 (0.8%)
6. South Dakota State University: 2,034 (0.4%)
7. United States Postal Service: 1,620 (0.3%)
8. University of South Dakota: 1,200 (0.2%)
9. Target Corp: 1,073 (0.2%)

Small Businesses In South Dakota

Number of Small Businesses 89,679
Percent of bossiness that are small businesses: 98.90%
Number of employees: 209,638
Share of Employment: 57.50%
Number of New Businesses In The Past Year: 4,321
Number of Businesses That Closed In The Past Year: 2,664
Net Change In New Businesses: 1,657

Number of Businesses With No Employees: 68,203
Number of Businesses with 1-19 Employees: 18,971
Number of Businesses with 20-499 Employees: 2,505
Share of Businesses Owned By Women: 43.10%
Share of Businesses Owned By Veterans: 10.30%
Share of Hispanic Owned Businesses: 1.80%
Share of Businesses Owned By Racial Minorities: 4.50%

Fortune 500 Companies In South Dakota

Number of Fortune 500 Headquaters: N/A
Biggest Company: N/A
Biggest Company Type: N/A
Number of Employees: N/A
Revenue (in millions): N/A

Taxes In South Dakota

State Corporate Tax Rate: None
State Corporate Tax Rate Brackets: None

State Sales Tax Rate: 4.20%
State Sales Tax Rank (out of 50): 39
Average Local Sales Tax Rate: 1.91%
Max Local Sales Tax Rate: 4.50%
Average Combined Sales Tax Rate: 6.11%
Combined Sales Tax Rank (out of 50): 36

Minimum State Income Tax Rate If You’re Single: None
Minimum State Income Tax Rate If You’re Married: None

General South Dakota Population Facts

In civilian labor force, total, percent of population age 16 years+: 67.10%
In civilian labor force, female, percent of population age 16 years+: 63.70%
Share of population which is foreign born: 3.80%
Mean travel time to work (minutes), workers age 16 years+: 17.4

Housing

Number of Housing Units: 417,220
Owner-occupied housing unit rate: 68.40%
Median value of owner-occupied housing units: $219,500
Median gross rent per month: $878
Households with a computer: 92.60%
Households with a broadband Internet subscription: 86.80%

Education

High school graduate or higher, percent of persons age 25 years+: 92.70%
Bachelor’s degree or higher, percent of persons age 25 years+: 30.40%

Also See

• South Dakota Registered Agent Services
• South Dakota Secretary of State Business Search
• How To Form an LLC In South Dakota
• South Dakota Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_South_Dakota
• https://www.ibisworld.com/united-states/economic-profiles/south-dakota/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-SD.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/midwest/south_dakota.htm#eag
• https://www.census.gov/quickfacts/fact/table/SD,US/PST045223
• https://www.50pros.com/fortune500