NAICS 62

Healthcare and Social Assistance in South Dakota: 2026 Market Risk Report

Entry risk 31.4 (Moderate), ranked #11 of 51 states. 2,929 establishments, 70,442 jobs.

Entry Risk Assessment

Entry Risk Score 31.4
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Moderate

ⓘ Lower is better. Relative to national healthcare and social assistance average.

⛔High Barrier to Entry

The healthcare and social assistance sector in South Dakota is tracking close to the U.S. baseline, with no extreme signals in volatility, saturation, or wage pressure. Entry conditions are within the national median range.

5-Year Firm Retention
94.1%
Percentile within industry
Rank #4 of 51 states
Growth Momentum
24.4
Scale of 0-100
Rank #45 of 51 states
Establishment Density
4.1
vs. national average
Rank #9 of 51 states
Market Volatility
40.7
Lower is more stable
Wage Pressure Index
62.3
Labor cost pressure

2,929 Establishments in South Dakota

2,929
Establishments
+4.6% YoY
70,442
Total Employment
+3.2% YoY
$67,273
Average Annual Wage
+3.8% YoY

South Dakota vs National Healthcare and Social Assistance Average

How South Dakota's healthcare and social assistance market compares to the national average across all 51 states.

Metric SD National Difference
Entry Risk Score 31.4 40.5 -9.1
5-Year Retention 94.1% 51.0% +43.1
Growth Momentum 24.4 46.8 -22.3
Market Volatility 40.7 27.8 +12.9
Establishment Density 4.1 12.9 -8.8
Wage Pressure 62.3 49.0 +13.3

Green = favorable vs national average. Red = less favorable. Metrics are relative within healthcare and social assistance only.

South Dakota Ranks #11 of 51 for Healthcare and Social Assistance

South Dakota ranks #11 out of 51 states for healthcare and social assistance market entry conditions.

Healthcare and Social Assistance Entry Risk by State

Rank State Risk Score Classification
#1 Utah 22.9 low
#2 Nebraska 23.7 low
#3 North Dakota 26.2 low
#4 Iowa 26.7 low
#5 District of Columbia 27.9 low
#11 South Dakota You 31.4 moderate
Entry Risk by State Alaska — 50.3 · #44 Alabama — 43.6 · #31 Arkansas — 39.5 · #24 Arizona — 44.1 · #32 California — 54.6 · #49 Colorado — 46.7 · #35 Connecticut — 30.9 · #8 District of Columbia — 27.9 · #5 Delaware — 44.8 · #33 Florida — 47.2 · #37 Georgia — 43.3 · #28 Hawaii — 50.2 · #43 Iowa — 26.7 · #4 Idaho — 29.8 · #7 Illinois — 43.6 · #30 Indiana — 31.2 · #10 Kansas — 34.0 · #15 Kentucky — 54.4 · #48 Louisiana — 34.6 · #16 Massachusetts — 48.4 · #40 Maryland — 36.8 · #21 Maine — 49.9 · #42 Michigan — 52.5 · #46 Minnesota — 31.0 · #9 Missouri — 55.6 · #51 Mississippi — 38.3 · #23 Montana — 33.0 · #13 North Carolina — 33.0 · #14 North Dakota — 26.2 · #3 Nebraska — 23.7 · #2 New Hampshire — 36.6 · #19 New Jersey — 45.1 · #34 New Mexico — 53.1 · #47 Nevada — 37.2 · #22 New York — 48.2 · #39 Ohio — 40.2 · #26 Oklahoma — 49.7 · #41 Oregon — 55.6 · #50 Pennsylvania — 29.5 · #6 Rhode Island — 36.0 · #17 South Carolina — 31.5 · #12 South Dakota — 31.4 · #11 Tennessee — 47.4 · #38 Texas — 46.8 · #36 Utah — 22.9 · #1 Virginia — 39.9 · #25 Vermont — 36.7 · #20 Washington — 52.3 · #45 Wisconsin — 43.4 · #29 West Virginia — 40.3 · #27 Wyoming — 36.4 · #18
Low Moderate Elevated High

Tap a state to view details

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 healthcare and social assistance?

Select a state above to see the comparison

Healthcare and Social Assistance in Neighboring States

How South Dakota's healthcare and social assistance market compares to bordering states.

Nebraska 23.7 #2/51 North Dakota 26.2 #3/51 Iowa 26.7 #4/51 Minnesota 31.0 #9/51 Montana 33.0 #13/51 Wyoming 36.4 #18/51

Other Industries in South Dakota

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