NAICS 62

Healthcare and Social Assistance in Rapid City, SD

Metro Market Score 59.9 (Challenging), ranked #206 of 248 metros. 599 establishments, 12,321 jobs.

Metro Market Assessment

Metro Market Score 59.9
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

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

💰High-Cost Market

Market conditions for healthcare and social assistance in Rapid City are tougher than average. The 59.9 market score reflects a combination of high labor costs, mixed growth signals, and an already crowded field. Rank: #206 of 248 metros.

Industry Concentration
64.5
LQ: 1.17
Rank #160 of 248 metros
Wage Competitiveness
77.8
$68,280 avg wage
Growth Trend
48.8
Employment growth index
Rank #128 of 248 metros
Wage Pressure
44.8
YoY wage change index

599 Healthcare and Social Assistance Firms in Rapid City

599
Establishments
+7.3% YoY
12,321
Total Employment
+3.3% YoY
$68,280
Average Annual Wage
+3.9% YoY
1.17
Location Quotient
Above national avg

Rapid City vs South Dakota Statewide

How this metro's healthcare and social assistance market compares to South Dakota overall. The state ranks #11/51 for entry risk.

Measure Rapid City SD Statewide
Overall Score 59.9 Challenging 31.4 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #206 of 248 metros #11 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

Information 45.8 Construction 47.7 Real Estate and Rental and Leasing 48.5 Finance and Insurance 50.7 Other Services 52.6 Retail Trade 70.8

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Rapid City's healthcare and social assistance sector, the wage competitiveness component (77.8) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.