NAICS 23
Construction in Rapid City, SD
Metro Market Score 47.7 (Moderate), ranked #170 of 342 metros. 858 establishments, 6,054 jobs.
Metro Market Assessment
Metro Market Score 47.7
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate
Lower is better. Relative to national construction average.
Industry Hub
With a 1.57 location quotient, Rapid City has an outsized construction presence relative to its population. That concentration (index: 93.6) creates a mature local market where supplier networks are established but differentiation matters more.
Industry Concentration
93.6
LQ: 1.57
Rank #320 of 342 metros
Wage Competitiveness
26.0
$66,647 avg wage
Growth Trend
↑ 71.0
Employment growth index
Rank #100 of 342 metros
Wage Pressure
45.6
YoY wage change index
858 Construction Firms in Rapid City
858
Establishments
+2.4% YoY
6,054
Total Employment
+4.3% YoY
$66,647
Average Annual Wage
+9.3% YoY
1.57
Location Quotient
Above national avg
Rapid City vs South Dakota Statewide
How this metro's construction market compares to South Dakota overall. The state ranks #9/51 for entry risk.
| Measure | Rapid City | SD Statewide |
|---|---|---|
| Overall Score | 47.7 Moderate | 34.7 Moderate |
| Score Type | Metro Market Score | Entry Risk Score |
| Rank | #170 of 342 metros | #9 of 51 states |
Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.
Other Industries in Rapid City
Construction in Other South Dakota Metros
Data Sources
- Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Rapid City, SD MSA area.
Data period: 2024. Last updated: April 2026.