NAICS 72

Accommodation and Food Services in South Dakota: 2026 Market Risk Report

Entry risk 36.7 (Moderate), ranked #23 of 51 states. 2,612 establishments, 42,495 jobs.

Entry Risk Assessment

Entry Risk Score 36.7
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Moderate

ⓘ Lower is better. Relative to national accommodation and food services average.

💎Hidden Gem

South Dakota presents favorable entry conditions for accommodation and food services: low overall risk (36.7), limited market saturation (bottom 10), and firm retention in the top half. The combination is uncommon across the national dataset.

5-Year Firm Retention
60.8%
Percentile within industry
Rank #21 of 51 states
Growth Momentum
44.1
Scale of 0-100
Rank #20 of 51 states
Establishment Density
44.1
vs. national average
Rank #43 of 51 states
Market Volatility
10.5
Lower is more stable
Wage Pressure Index
28.0
Labor cost pressure

2,612 Establishments in South Dakota

2,612
Establishments
+0.3% YoY
42,495
Total Employment
+1.5% YoY
$23,413
Average Annual Wage
+3.4% YoY

South Dakota vs National Accommodation and Food Services Average

How South Dakota's accommodation and food services market compares to the national average across all 51 states.

Metric SD National Difference
Entry Risk Score 36.7 40.0 -3.3
5-Year Retention 60.8% 51.0% +9.8
Growth Momentum 44.1 41.1 +3.0
Market Volatility 10.5 23.9 -13.4
Establishment Density 44.1 27.0 +17.1
Wage Pressure 28.0 33.4 -5.4

Green = favorable vs national average. Red = less favorable. Metrics are relative within accommodation and food services only.

South Dakota Ranks #23 of 51 for Accommodation and Food Services

South Dakota ranks #23 out of 51 states for accommodation and food services market entry conditions.

Accommodation and Food Services Entry Risk by State

Rank State Risk Score Classification
#1 Delaware 19.8 low
#2 North Carolina 23.4 low
#3 New Mexico 24.5 low
#4 Idaho 26.2 low
#5 Wisconsin 28.2 low
#23 South Dakota You 36.7 moderate
Entry Risk by State Alaska — 31.6 · #14 Alabama — 44.1 · #37 Arkansas — 36.9 · #26 Arizona — 46.9 · #40 California — 57.2 · #47 Colorado — 46.9 · #41 Connecticut — 37.3 · #27 District of Columbia — 81.4 · #51 Delaware — 19.8 · #1 Florida — 53.6 · #44 Georgia — 43.6 · #35 Hawaii — 66.1 · #50 Iowa — 39.0 · #29 Idaho — 26.2 · #4 Illinois — 39.5 · #30 Indiana — 37.9 · #28 Kansas — 34.2 · #18 Kentucky — 36.9 · #25 Louisiana — 43.8 · #36 Massachusetts — 28.4 · #7 Maryland — 31.7 · #15 Maine — 55.0 · #46 Michigan — 29.2 · #10 Minnesota — 34.9 · #19 Missouri — 47.2 · #42 Mississippi — 35.6 · #21 Montana — 46.1 · #39 North Carolina — 23.4 · #2 North Dakota — 29.5 · #12 Nebraska — 41.5 · #31 New Hampshire — 28.8 · #8 New Jersey — 43.3 · #34 New Mexico — 24.5 · #3 Nevada — 64.0 · #49 New York — 58.6 · #48 Ohio — 29.3 · #11 Oklahoma — 35.0 · #20 Oregon — 42.8 · #32 Pennsylvania — 36.8 · #24 Rhode Island — 28.3 · #6 South Carolina — 29.2 · #9 South Dakota — 36.7 · #23 Tennessee — 29.5 · #13 Texas — 46.0 · #38 Utah — 36.5 · #22 Virginia — 33.6 · #16 Vermont — 51.0 · #43 Washington — 42.9 · #33 Wisconsin — 28.2 · #5 West Virginia — 33.7 · #17 Wyoming — 55.0 · #45
Low Moderate Elevated High

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About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does South Dakota stack up against other states for accommodation and food services?

Select a state above to see the comparison

Accommodation and Food Services in Neighboring States

How South Dakota's accommodation and food services market compares to bordering states.

North Dakota 29.5 #12/51 Minnesota 34.9 #19/51 Iowa 39.0 #29/51 Nebraska 41.5 #31/51 Montana 46.1 #39/51 Wyoming 55.0 #45/51

Other Industries in South Dakota

Construction → Healthcare and Social Assistance → Retail Trade → Professional, Scientific, and Technical Services → Finance and Insurance → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →