NAICS 52

Finance and Insurance in South Dakota: 2026 Market Risk Report

Entry risk 50.1 (Elevated), ranked #24 of 51 states. 2,695 establishments, 22,575 jobs.

Entry Risk Assessment

Entry Risk Score 50.1
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

ⓘ Lower is better. Relative to national finance and insurance average.

🛡️Stable Market

South Dakota exhibits structural stability in finance and insurance, with volatility at 6.5 and firm retention ranking in the top 5. These metrics suggest lower cyclical risk compared to the national baseline.

5-Year Firm Retention
96.1%
Percentile within industry
Rank #3 of 51 states
Growth Momentum
9.2
Scale of 0-100
Rank #46 of 51 states
Establishment Density
100.0
vs. national average
Rank #51 of 51 states
Market Volatility
6.5
Lower is more stable
Wage Pressure Index
60.4
Labor cost pressure

2,695 Establishments in South Dakota

2,695
Establishments
+2.0% YoY
22,575
Total Employment
-1.8% YoY
$90,089
Average Annual Wage
+5.0% YoY

South Dakota vs National Finance and Insurance Average

How South Dakota's finance and insurance market compares to the national average across all 51 states.

Metric SD National Difference
Entry Risk Score 50.1 51.9 -1.8
5-Year Retention 96.1% 51.0% +45.1
Growth Momentum 9.2 34.4 -25.2
Market Volatility 6.5 9.6 -3.1
Establishment Density 100.0 42.5 +57.5
Wage Pressure 60.4 66.8 -6.4

Green = favorable vs national average. Red = less favorable. Metrics are relative within finance and insurance only.

South Dakota Ranks #24 of 51 for Finance and Insurance

South Dakota ranks #24 out of 51 states for finance and insurance market entry conditions.

Finance and Insurance Entry Risk by State

Rank State Risk Score Classification
#1 Hawaii 37.0 moderate
#2 West Virginia 39.8 moderate
#3 Kentucky 40.0 moderate
#4 Rhode Island 41.9 moderate
#5 Maine 42.0 elevated
#24 South Dakota You 50.1 elevated
Entry Risk by State Alaska — 49.7 · #21 Alabama — 48.4 · #18 Arkansas — 44.7 · #7 Arizona — 52.6 · #29 California — 46.9 · #12 Colorado — 67.3 · #50 Connecticut — 73.7 · #51 District of Columbia — 47.9 · #13 Delaware — 57.7 · #44 Florida — 61.9 · #46 Georgia — 56.4 · #40 Hawaii — 37.0 · #1 Iowa — 54.3 · #35 Idaho — 56.2 · #39 Illinois — 46.2 · #10 Indiana — 45.4 · #9 Kansas — 57.0 · #42 Kentucky — 40.0 · #3 Louisiana — 42.0 · #6 Massachusetts — 48.2 · #15 Maryland — 52.6 · #30 Maine — 42.0 · #5 Michigan — 49.8 · #23 Minnesota — 46.6 · #11 Missouri — 57.7 · #43 Mississippi — 54.5 · #36 Montana — 59.0 · #45 North Carolina — 48.4 · #17 North Dakota — 52.1 · #28 Nebraska — 49.4 · #20 New Hampshire — 49.8 · #22 New Jersey — 53.2 · #32 New Mexico — 53.1 · #31 Nevada — 55.6 · #38 New York — 65.4 · #49 Ohio — 48.2 · #14 Oklahoma — 64.9 · #48 Oregon — 56.7 · #41 Pennsylvania — 48.8 · #19 Rhode Island — 41.9 · #4 South Carolina — 48.4 · #16 South Dakota — 50.1 · #24 Tennessee — 53.4 · #33 Texas — 50.4 · #25 Utah — 51.9 · #27 Virginia — 50.8 · #26 Vermont — 53.6 · #34 Washington — 55.5 · #37 Wisconsin — 45.3 · #8 West Virginia — 39.8 · #2 Wyoming — 62.0 · #47
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 finance and insurance?

Select a state above to see the comparison

Finance and Insurance in Neighboring States

How South Dakota's finance and insurance market compares to bordering states.

Minnesota 46.6 #11/51 Nebraska 49.4 #20/51 North Dakota 52.1 #28/51 Iowa 54.3 #35/51 Montana 59.0 #45/51 Wyoming 62.0 #47/51

Other Industries in South Dakota

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