State economy

South Dakota economy

South Dakota's unemployment rate was 2.0% in September 2026, unchanged from the month before and 2.1% a year earlier. That ranks 1 of 51 (1 = lowest); the national rate was 4.1%. Employers had 0.47 million jobs on their payrolls in September 2026, a gain of 1,800 (+0.4%) from a year earlier. Home prices (FHFA index) were +2.2% from a year earlier in Q2 2026. Median household income was $82,460 in 2025.

2.0%
unemployment rate
September 2026
Unemployment rate2.0%Rank 1 of 51 (1 = lowest)
10-year range1.7–8.8%Low Feb 2024 · high Apr 2020
Nonfarm jobs0.47M+0.4% in a year · rank 27
Home prices (FHFA)+2.2%1-year change · Q2 2026 · 5-yr +41%
Median household income$82,4602025 · rank 34 of 51

South Dakota: unemployment rate

South Dakota unemployment rateLine chart from Jan 1, 2006 to Sep 1, 2026. Latest 2.0%; high 8.8% on Apr 1, 2020; low 1.7% on Feb 1, 2024.0%2%4%6%8%10%20082010201220142016201820202022202420262.0%High 8.8%

South Dakota: jobs, change from a year earlier

South Dakota nonfarm jobs, 12-month changeLine chart from Jan 1, 2001 to Sep 1, 2026. Latest +0.4%; high +10.0% on Apr 1, 2021; low -9.1% on Apr 1, 2020.-10%-5%0%5%10%20052010201520202025+0.4%High +10.0%Low -9.1%

South Dakota: home prices, change from a year earlier

South Dakota FHFA house price index, 12-month changeLine chart from Jan 1, 2001 to Apr 1, 2026. Latest +2.2%; high +20.7% on Jan 1, 2022; low -2.6% on Jan 1, 2010.-5%0%5%10%15%20%25%20052010201520202025+2.2%High +20.7%Low -2.6%

South Dakota: median household income

South Dakota median household incomeLine chart from Jul 1, 1984 to Jul 1, 2025. Latest $82,460; high $82,460 on Jul 1, 2025; low $18,140 on Jul 1, 1985.$0$20,000$40,000$60,000$80,000$100,0001990199520002005201020152020$82,460Low $18,140

Other states

Sources: U.S. Bureau of Labor Statistics (unemployment, nonfarm payrolls; seasonally adjusted), Federal Housing Finance Agency (all-transactions house price index), U.S. Census Bureau (median household income, current dollars), via FRED. US unemployment rate: 4.1% (October 2026).