South Dakota - Income



According to the Bureau of Economic Analysis, in 2001, South Dakota had a per capita personal income (PCPI) of $26,566 which ranked 37th in the United States (including the District of Columbia) and was 87% of the national average, $30,413. The 2001 PCPI reflected an increase of 2.9% from 2000 compared to the national change of 2.2%. In 2001, South Dakota had a total personal income (TPI) of $20,145,602,000 which ranked 47th in the United States and accounted for 0.2% of the national total. The 2001 TPI reflected an increase of 3.3% from 2000 compared to the national change of 3.3%.

Earnings of persons employed in South Dakota increased from $13,486,211,000 in 2000 to $13,749,822,000 in 2001, an increase of 2.0%. The largest industries in 2001 were services, 24.9% of earnings; state and local government, 12.5%; and retail trade, 10.1%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was farm (6.1% of earnings in 2001), which decreased 18.8%; the fastest was state and local government, which increased 19.6%.

According to data released by the US Census Bureau, in 2000, the median household income was $36,172 compared to the national average of $42,148. In 2001, the median income for a family of four was $59,718 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 9.0% which placed it 15th among the 50 states and the District of Columbia ranked lowest to highest.



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