Expert
Research & Analysis

The economic landscape is always changing. Understanding the short- and long-term trends that shape our economy is crucial for long-term success. Our experts track and analyze the most important trends and forces that shape the state and region and share their insights here.
Dive into our free analysis of trends and economic conditions in the region.
Tax Policy - Q2-2025 Outlook Report
May 29, 2025

How are Local Opt-Outs are Affecting Local Property Tax Rates?

Public school districts in South Dakota face a complex set of budgetary restrictions (e.g. recent minimum teacher salary increases, the state aid formula, etc.) so changes in policy that impact other potential funding sources…

State & Regional - Q2-2025 Outlook Report
May 29, 2025

How Will South Dakota Be Impacted by Recent Tariffs?

Tariffs have become a focal point of discussion among economists, business leaders, and policymakers. To understand their potential impact on South Dakota, examining their historical role in U.S. trade policy and the reasoning behind…

Population - Q2-2025 Outlook Report
May 29, 2025

Population Growth Slows Across the Region

Between 2023 and 2024 South Dakota kept alive its trend of population growth every year since 1989. The most recent growth is substantial, but the population grew at a slower pace than the previous…

Wages & Income - Q3-2024 Outlook Report
October 1, 2024

Just How Much is Inflation Impacting Teacher Pay in South Dakota

This article provides an overview of recent trends regarding teacher pay in South Dakota. New and existing teachers looking for work in South Dakota may find it a useful reference when contemplating where to…

Regional
Population - Q3-2024 Outlook Report
October 1, 2024

Where Are All the New South Dakotans Coming From?

South Dakota’s population continues to rise. The significant state population growth seen in 2020-22, fueled largely by migration from the rest of the US, continued into 2023 but at a lower rate. The Census…

Regional
Housing - Q3-2024 Outlook Report
September 29, 2024

South Dakota’s Unusually Strong Housing Market

On September 18, 2024, the US Federal Reserve (FED) announced it was lowering the Federal Funds target rate by half a percent (0.50% or 50 basis points). The current target range for the Federal…

Labor Force - Q3-2024 Outlook Report
September 29, 2024

Which Industries are Driving Job Growth

Over the last decade, South Dakota has demonstrated impressive resilience and steady workforce growth, with the state’s nonfarm workforce reaching 468,200 by July 2024. Specifically, the average annual growth rate between 1991 and 2023…

Labor Force - Q1-2024 Outlook Report
April 12, 2024

Is South Dakota’s Labor Market Back to “Normal”?

Between February 2020 and March 2020, South Dakota lost 44 thousand employees, making up 10% of the total nonfarm workforce. This extreme labor shock sent ripples through the economy, and many wondered whether we…

Housing - Q1-2024 Outlook Report
April 12, 2024

Assessing Housing Dynamics in a Historic Market

Over the past four years, the US housing landscape has undergone a significant transformation, characterized by historic listing price growth, an escalating race for space, and dramatic concessions for emerging and existing buyers alike.