NAICS 44-45

Retail Trade in Sioux Falls, SD

Metro Market Score 46.6 (Moderate), ranked #95 of 378 metros. 1,111 establishments, 20,331 jobs.

Metro Market Assessment

Metro Market Score 46.6
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national retail trade average.

📈Rapid Growth

Sioux Falls ranks in the upper half for retail trade market conditions, driven by above-average employment growth. With a market score of 46.6, conditions are relatively favorable compared to most metros.

Industry Concentration
55.3
LQ: 1.16
Rank #209 of 378 metros
Wage Competitiveness
70.9
$40,198 avg wage
Growth Trend
↑ 94.2
Employment growth index
Rank #23 of 378 metros
Wage Pressure
66.3
YoY wage change index

1,111 Retail Trade Firms in Sioux Falls

1,111
Establishments
+4.3% YoY
20,331
Total Employment
+4.7% YoY
$40,198
Average Annual Wage
+0.9% YoY
1.16
Location Quotient
Above national avg

Sioux Falls vs South Dakota Statewide

How this metro's retail trade market compares to South Dakota overall. The state ranks #7/51 for entry risk.

Measure Sioux Falls SD Statewide
Overall Score 46.6 Moderate 38.9 Moderate
Score Type Metro Market Score Entry Risk Score
Rank #95 of 378 metros #7 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 Sioux Falls

Construction 49.1

Retail Trade in Other South Dakota Metros

Rapid City 70.8 #343/378

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 Sioux Falls's retail trade sector, the wage competitiveness component (70.9) 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.