Rapid City, SD

Rapid City Metro Area industry wages have increased by 17.2% percent since 2001

2007-03-19T01:37:00.001-07:00

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Industry wages, from 2001 to 2006, have increased in the Rapid City Metro Area by a total of 17.2%. This is less than the growth in industry wages for the State of South Dakota and greater than the growth in average industry wages for the United States.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Rapid City Metro Area Industry Wages Lag Behind South Dakota, and Wages Lag Behind the United States Industry Wages

2007-02-27T22:44:00.001-08:00

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Wages in all industries in Rapid City, SD can be described as relatively low when compared to other Metro Areas throughout the US in the 2nd quarter of 2006. The industry wages are 4 percent lower than the with an state average of $28,713. The average pay was less than the overall average in the United States of $40,259.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Rapid City One-Year Industry Employment Change

2007-01-24T17:15:00.000-08:00

The Rapid City Metro Area: One-Year Percentage Growth in Employment

The Specialized design services industry has experienced the largest percentage growth, expanding by 52.4 percent from the 2005 (Q2) to the 2006 (Q2). This industry in Rapid City has grow faster than the overall industry growth seen in the State of South Dakota, where it saw a gain of 5.5 percent. The Specialized design services industry in Rapid City outpaced the national average, which felt a gained 7 percent of the employment in this industry.

Top 5 Industries
1. Specialized design services (52.4 percent gain)
2. Beer, wine, and liquor stores (37.5 percent gain)
3. Architectural and structural metals mfg. (17.6 percent gain)
4. Medical and diagnostic laboratories (17.4 percent gain)
5. Electronic markets and agents and brokers (16.4 percent gain)

The Rapid City Metro Area: One-Year Percentage Decline in Employment

The Specialty food stores industry has lost the largest percent of jobs, losing 24.6 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has seen in the South Dakota, where the industry reported a loss of 9.9 percent. The losses in the Specialty food stores industry in Rapid City outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 2 in percent of workers in the Specialty food stores industry.

Top 5 Industries
1. Specialty food stores (24.6 percent decline)
2. Amusement parks and arcades (19.9 percent decline)
3. Computer systems design and related services (19.8 percent decline)
4. Vending machine operators (17.9 percent decline)
5. Building finishing contractors (13.3 percent decline)

The total number of jobs has increased by 1.2 percent since the 2nd Quarter of 2005. This is less than growth in South Dakota, which saw a gain of 2.5 percent from 2005 (2nd Quarter). The gains in the area were less than than the gain felt at the national level of 2 percent.

Total One-Year Employment Growth in the Rapid City Metro Area

Of the industries (4-digit NAICS) in the area, the Limited-service eating places industry has added the most employment with 85 employees finding new jobs in the industry. The employment growth in the Limited-service eating places industry makes up 10.0 percent of the total growth in Rapid City.

Top 5 Industries
1. Limited-service eating places (85 new jobs)
2. Offices of physicians (67 new jobs)
3. Services to buildings and dwellings (64 new jobs)
4. Nonresidential building construction (62 new jobs)
5. Building material and supplies dealers (62 new jobs)

Given the 69 industries with industry data reported by the BLS in each quarter, 33 described an expansion of jobs throughout the time period, while 36 industry sectors accounting for employment declines during that time period.

In the Rapid City, SD metro area, the aggregate employment for all industry sectors has increased by 607 total jobs from 2005 to 2006.

Total One-Year Employment Decline in the Rapid City Metro Area

From of the area's 4-digit NAICS industries, the Residential building construction industry witnessed the largest drop in employment, losing a total of 62 jobs in that time period. The declines in the Residential building construction industry make up 11.1 percent of the total job loss in Rapid City, SD.

Top 5 Industries
1. Residential building construction (62 jobs lost)
2. Insurance agencies, brokerages, and related (60 jobs lost)
3. Building finishing contractors (54 jobs lost)
4. Building foundation and exterior contractors (54 jobs lost)
5. Specialty food stores (44 jobs lost)

About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Rapid City, SD

2007-01-11T17:52:00.000-08:00

The Asian headed households reported median household incomes of $39,600. This income level is 9.7 percent less than the reported median household income, in the area, for all households. Hispanic in Rapid City, SD reported a median household income of $36,980, this median household income is 15.7 percent less than the reported median household income for all households in the area. In Rapid City, SD White headed households reported a median household income (2005 Dollars) of $45,889 according to the 2000 Dencennial Census, which was 4.6 percent greater than the median household income in 2000. The American Indian and Alaska Native households in Rapid City reported a median household income of $20,123, this median was 54.1 percent less than the median for all households. Black or African American householders reported a median household income that was 29.4 percent less than the overall reported level in 2000, with a reported median of $30,956.

When analyzed against other Metropolitan Statistical Areas in the US, the Rapid City metro area accounted a medium-low median income for all households of $43,857 (2005 Dollars). The income level is 5.9 percent higher than the median in State of South Dakota of $41,280 and the median household income is 12 percent lower than the median household income in the United States of $49,133.

As the median household income witnessed a decline during the period of 2000 to 2005 in the Rapid City, SD metro area, the Race/Ethnicity group that experienced the largest decline in the household income level was the American Indian and Alaska Native category. This category saw a decline of 30 percent since 2000. The Hispanic Race/Ethnicity group has been least impacted by the median income decline in Rapid City, experiencing a 22.2 percent decline in median household income from 2000 to 2005.

Evaluated with other MSAs across the nation, the Rapid City metro area may be understood as having a medium-low poverty rate amid the residents with a poverty rate of 11.5 percent with a family income under the 1999 poverty level. The American Indian and Alaska Native race/ethnicity demographic category, owns the foremost rate of poverty with 43.8 percent of the people in 2000 living in poverty. The population that is aged Under 5 years are experiencing most percent people in poverty in Rapid City, accounting 21.6 percent of this age group in the area living in poverty.

The poverty rate in the Rapid City, SD Metro has increased by 2.6 percent from the rates reported in the Decennial Census, moving from 11.5 percent to 14.1 percent.

The median household income has declined from the inflation-adjusted 2000 income levels. The income level has decreased to $41,828, posting a 4.6 percent decline. The Rapid City, SD MSA, in terms of percent of decline, ranks 2 of 2 metro area in percent of decline for the household income level in the State of South Dakota. Rapid City ranks 186 of 233 metro area when analyzing the decline in median household income in the United States.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Higher Education in the Rapid City, SD Metro Area

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In the Rapid City, SD Metro Area according to the American Community Survey of 2005, 27.6 percent of the White Alone, . percent of Black or African American, . percent of the Asian alone and . percent of the Hispanic or Latino population, over the age 25, has achieved a Bachelors Degree or Higher.

The American Community Survey reported that in the Rapid City, SD Metro Area, a high proportion of the male population in the area have reached the Some College or Associates Degree category, with 34.2 percent obtaining this level of education. The women in the Rapid City metro area have achieved a greater level of higher education (Bachelors or Higher) than men -- 26 percent (Men) versus 28 percent (Women). The largest educational attainment category for women is Some College or Associates Degree category, with 38.8 percent of the areas female population attaining this level of education.

From the years 2000 to 2005, the proportion of the male population that could be considered highly educated has stayed the same by 0.0 percent. In the year 2005, 26 percent of area's male population (+25) achieved a BA or Higher. During the same period, the percent of women (+25) that have earned a BA or higher has increased by a total of 4.4 percent. By the year 2005, a total of 28 percent of the female population had achieved this level of education.

Rapid City, SD Metro Area is made up of a moderately-educated 2005 population, with 27 percent of the over 25 years old population having a Bachelors Degree or Higher, according to the 2005 American Community Survey. The Rapid City MSA was reported to have a higher percent of population with high education level than the State of South Dakota's proportion of 24.6 percent and a lower percent than the US proportion of 27.2 percent.

From 2000, the Rapid City metro area has increased in the percent of the total population (+25) with a BA or Higher. The portion of this population has grown by 2.0 percent to a total of 27 percent in 2005. The American Community Survey reports that the proportion of the 2005 population that is highly educated is greater than the 2005 State of South Dakota percent of 24.6 and less than the average US percent of 27.2.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Demographic Profile for Rapid City, SD

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The Rapid City metro area had a population of 118,203 for the year 2005. The total population has increased, from the population in the year 2000 of 112,992. This growth shows an increase of 4.6 percent. Rapid City ranks 2 of 2 MSAs in terms of population growth in South Dakota and the metro area ranks 230 of 361 metro areas when calculating the total change in MSA population across the US.

In the year 2005, the U.S. Census Bureau estimates the median age in the Rapid City metro area to be 35.6 years of age. The median in Rapid City is less than the median age in South Dakota of 37.0. Since 2000, the area has experienced an increase in the median age, when it was 35.0 years of age. With a total of 43.4 percent of the 2005 population being made up of children and youth younger than 18, Rapid City can be understood as having a medium-high proportion of youths. The working age population group (18-64) has a medium-high presence of the 2005 population base, with 63.9 percent of the population within the age group. People 65 and older make up 11.4 percent of the population in the area. When compared to other metro areas throughout the United States, this represents a medium-low proportion of the area population base.

When measuring the total land area, the Rapid City metro area covers a total land area of 6247 square miles. The MSA has a very low population density of 19 persons per square mile. Other metro areas with similar densities in the US include: -- more densely populated -- Wenatchee (22 per sq. mile ), Farmington (23 per sq. mile ), Prescott (24 per sq. mile ), -- less densely populated -- Anchorage (13 per sq. mile ), Casper (13 per sq. mile ), Fairbanks (12 per sq. mile ).

Estimated since the year 2000, a medium-low number of individuals have migrated into the Rapid City metro area, with 465 people migrating in from another country. The international migration into Rapid City totals 11.8 percent of immigration into the State of South Dakota. This level of international migration can be considered medium-low when comparing levels of immigration per population in 2005.

The Rapid City metropolitan statistical area (MSA) has a population base that is comprised of 86.1 percent White, 1 percent African American, 0.7 percent Asian, and 3.2 percent Hispanic. The area can be described as having a very modest level of diversity in terms of race and ethnicity, with 4.9 percent of minorities in the 2005 population base. This is greater than the State of South Dakota percent of 3.5. Since 2000, Rapid City has increased the percent of minority makeup when 4.4 percent of the population was made up of minorities.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Rapid City

2006-11-11T21:40:00.000-08:00

Throughout the State of South Dakota, Rapid City ranks 2 of the 2 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 113 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

Rapid City had a median home value in the year 2005 of $120,500, according to the American Community Survey. This median is greater than the overall State of South Dakota 2005 median owner-occupied dwelling value of $101,700 and less than median owner-occupied dwelling value of $167,500 for the United States in the same year.

In Rapid City, there were a total of 51,799 housing structures in 2005. The metro area has seen a medium-high growth level in the number housing units, adding a total of 3,647 housing units since the year 2001, or 7.6 percent.

The residential housing values in Rapid City, South Dakota have seen large increases from the housing values in 2000. The residential values have increased by $29,600, or 32.6 percent, from their 2000 median values of $90,900.

According to the data, there is a large amount of affordable housing in Rapid City, South Dakota. In 2005, 52.9 percent of owner-occupied dwellings were valued under $125k.

Rapid City is made up of a medium percentage of homes that are high in price. For 2005, the American Community Survey counted that 2.5 percent of owner-occupied dwellings were valued over a half a million dollars.

Data Source: U.S. Census Bureau

Employment Report for Rapid City, South Dakota -- Annual 2005 Industry Summary

2006-11-05T02:18:00.000-08:00

In Rapid City, Utilities, Accommodation and food services and Construction are the three industries with the highest location quotients. The Utilities sector has a United State LQ of 1.9. The level of employment in the Utilities industry is 1.9 times greater than the US average, showing signs that Rapid City may be an exporter of products or services of Utilities.

Manufacturing has a largest number of employees per establishment in Rapid City MSA. In the region, the industry averages 25 workers per each place of employment, being less than the US industry average of 39 and less than the State of South Dakota establishments size average of 39 for the Manufacturing industry.

Manufacturing since the year 2001 lost the most jobs in the Rapid City Metropolitan Area. The industry was hit with a loss of 659 jobs, or 14.7 percent of employment in the sector. These losses made up 55.7 percent of all Metro Area employment losses since 2001.

Utilities in the period of 2001 to 2005 had the largest increase in employment in Rapid City, increasing by 40.1 percent. This is greater than the industry employment change in the United States of -8.2 percent. The State of South Dakota experienced a sector employment shift of 5.3 percent, in the duration of 2001 to 2005.

In Rapid City, Retail Trade, Accommodation and food services, and the Construction sectors are the largest industries, in terms of total number of jobs in 2005. The Retail Trade is the major employer in the Metropolitan Area making up 17.8 percent of all jobs throughout the region, totaling 8,669 employees. The Accommodation and food services and Construction sectors provide 14.9 and 9.8 percent of all employment.

A well-paying sector in Rapid City is the utilities industry with wages that annually pay $66,680. From the year 2001, the industry annual average pay has grown by 47.1 percent or $21,353. The State of South Dakota holds a similar job market in the utilities industry, falling near the top of industries in term of the average annual pay of 2004.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).