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Economy in South Dakota

GDP, income, output and the industries that drive the economy.

Topics

Dive into each indicator for South Dakota.

$76 B
GDP
46th in the U.S.
$82,100
GDP per capita
1.9%
Unemployment rate
2024, among the lowest in the U.S.
$45,900
Median annual wage
None
State income tax
4.2%
State sales tax
> $500 B
Trust assets under administration
Sioux Falls trust industry
Finance & insurance, agriculture, healthcare, manufacturing, tourism
Leading sectors

Historical data

Long-run evolution of the key indicators, so you can see the trend — not just today's snapshot.

Median household income

19802023
$71,800 349%

Census/ACS, nominal dollars.

Gross domestic product

19802024
76 1052%

BEA, current dollars.

Data table

GDP$76 B46th in the U.S.
GDP per capita$82,100
Unemployment rate1.9%2024, among the lowest in the U.S.
Median annual wage$45,900
State income taxNone
State sales tax4.2%
Trust assets under administration> $500 BSioux Falls trust industry
Leading sectorsFinance & insurance, agriculture, healthcare, manufacturing, tourism

Compared to the United States

Coming soon

Side-by-side comparison of South Dakota vs. the U.S. average.

National ranking

Coming soon

The national ranking against every other state will appear here as more states are published.