Sioux Falls, SD

Sioux Falls Metro Area industry wages have increased by 17.9% percent since 2001

2007-03-19T01:49:00.001-07:00

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From 2001 to 2006, average industry wages increased in the Sioux Falls Metro Area by a total of 17.9%. This is less than the growth in average industry wages for South Dakota and greater than the growth in industry wages for the nation as a whole.

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.

Sioux Falls Metro Area Industry Wages Exceed South Dakota, but Wages Lag Behind the United States Industry Wages

2007-02-27T22:57:00.001-08:00

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The overall industry wages in Sioux Falls, SD can be understood as being medium-low when analyzed with other 2nd quarter of 2006 Metro Area wages throughout the US. The average pay is 13.9 percent higher than the reported averages in the state of $28,713. The industry pay was less than the national industry average 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.

Sioux Falls Five-Year Industry Employment Change

2007-02-11T20:04:00.001-08:00

Employment for all industries has increased by 9.1 percent from 2001 (2nd Quarter). These figures are greater than growth in South Dakota, which went through a gain of 5.3 percent from the 2nd Quarter of 2001. The gains felt were greater than than the gain reported at the US level of 2.6 percent.

The Sioux Falls Metro Area: Five-Year Percentage Growth in Employment

The Scientific research and development services industry has seen the largest percentage job growth, expanding by 730.0 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Sioux Falls has increased employment faster than the industry has grown in the State of South Dakota, where it saw a gain of 66 percent. The Scientific research and development services industry in Sioux Falls outpaced the national average, which felt a gained 11.4 percent of the industry employment.

Top 5 Industries
1. Scientific research and development services (730.0 percent gain)
2. Charter bus industry (683.3 percent gain)
3. Grantmaking and giving services (100.7 percent gain)
4. Promoters of performing arts and sports (79.6 percent gain)
5. Electronic equipment repair and maintenance (68.8 percent gain)

The Sioux Falls Metro Area: Five-Year Percentage Decline in Employment

The Data processing and related services industry has seen the largest percentage drop in employment, losing 36 percent of the jobs from 2001 to 2006. These have declined faster than the industry has experienced in the State of South Dakota, where the industry sector experienced a gain of 13.7 percent. The losses in the Data processing and related services industry in Sioux Falls outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 16.8 in percent of jobs in the Data processing and related services industry.

Top 5 Industries
1. Data processing and related services (36 percent decline)
2. Lessors of real estate (29.6 percent decline)
3. Other support services (27.5 percent decline)
4. Management of companies and enterprises (19.1 percent decline)
5. Grocery stores (18.5 percent decline)

Out of the 27 4-digit NAICS industries, 9 described an expansion of jobs throughout the time period, while 18 industry sectors reported declines during the time period.

In the Sioux Falls, SD metro area, the total number of jobs throughout all industries has increased by 9,596 jobs from mid-2001 to mid-2006.

Total Five-Year Employment Growth in the Sioux Falls Metro Area

Out of the 4-digit NAICS industries, the Depository credit intermediation industry has brought the most jobs with a total of 979 employees finding new jobs in the industry. The employment growth in the Depository credit intermediation industry makes up 50.4 percent of the total number of new jobs in Sioux Falls.

Top 5 Industries
1. Depository credit intermediation (979 new jobs)
2. Promoters of performing arts and sports (153 new jobs)
3. Colleges and universities (118 new jobs)
4. Electric goods merchant wholesalers (97 new jobs)
5. Scientific research and development services (73 new jobs)

Total Five-Year Employment Decline in the Sioux Falls Metro Area

The Grocery stores industry witnessed the largest drop in employment, losing a total of 497 jobs during the period. The employment lost in the Grocery stores industry make up 42.2 percent of the jobs lost during the period in Sioux Falls, SD.

Top 5 Industries
1. Grocery stores (497 jobs lost)
2. Management of companies and enterprises (266 jobs lost)
3. Lessors of real estate (164 jobs lost)
4. Business support services (109 jobs lost)
5. Other support services (104 jobs lost)

Sioux Falls One-Year Industry Employment Change

2007-01-24T17:32:00.000-08:00

Total One-Year Employment Growth in the Sioux Falls Metro Area

The Limited-service eating places industry has added the most employment with 241 new jobs created in the period. The job growth in the Limited-service eating places industry makes up 9.8 percent of the total growth in Sioux Falls.

Top 5 Industries
1. Limited-service eating places (241 new jobs)
2. Full-service restaurants (217 new jobs)
3. General freight trucking (216 new jobs)
4. Employment services (192 new jobs)
5. Warehousing and storage (177 new jobs)

In the Sioux Falls, SD metro area, the aggregate employment for all industry sectors has increased by 3,684 total jobs from 2005 to 2006.

Given the 73 industries with industry data reported by the BLS in each quarter, 23 showed an escalation in the number employed, while 50 industries reported a drop in employment.

Total One-Year Employment Decline in the Sioux Falls Metro Area

The Nondepository credit intermediation industry experienced most substantial job loss, losing 220 jobs in that time period. The declines in the Nondepository credit intermediation industry make up 32.0 percent of the employment lost during the period in Sioux Falls, SD.

Top 5 Industries
1. Nondepository credit intermediation (220 jobs lost)
2. Automobile dealers (93 jobs lost)
3. Individual and family services (88 jobs lost)
4. Other support services (63 jobs lost)
5. Office supplies, stationery, and gift stores (45 jobs lost)

The Sioux Falls Metro Area: One-Year Percentage Growth in Employment

The Warehousing and storage industry has gone through the largest job growth by percent, increasing by 134.9 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Sioux Falls has grow faster than the industry has grown in the State of South Dakota, where this industry saw a gain of 51.1 percent. The Warehousing and storage industry in Sioux Falls outpaced the nation in terms of industry employment growth . During this period, the nation gained 7.8 percent.

Top 5 Industries
1. Warehousing and storage (134.9 percent gain)
2. Aerospace product and parts manufacturing (94.4 percent gain)
3. Medical equipment and supplies manufacturing (86.3 percent gain)
4. Utility system construction (57.3 percent gain)
5. Business, computer and management training (50.4 percent gain)

The total number of jobs has increased by 3.3 percent since the 2nd Quarter of 2005. This is greater than percent in South Dakota, experiencing a gain of 2.5 percent since 2005 ( 2nd Quarter). The gains in the area were greater than than the gain seen for the United States of 2 percent.

The Sioux Falls Metro Area: One-Year Percentage Decline in Employment

The Charter bus industry industry has lost the largest amount of employment in terms of percentage, losing 25.8 percent of the jobs from the 2nd quarter of 2005 to 2nd quarter of 2006. The losses of the area have declined faster than the industry sector has gone through in the South Dakota, where the industry reported a loss of 18.5 percent. The losses in the Charter bus industry industry in Sioux Falls outpaced the United States industry losses overall. During this period, the United States lost 4.6 percent in terms of employment in the Charter bus industry industry.

Top 5 Industries
1. Charter bus industry (25.8 percent decline)
2. Other support services (18.7 percent decline)
3. Animal food manufacturing (18 percent decline)
4. Office supplies, stationery, and gift stores (10.5 percent decline)
5. Lawn and garden equipment and supplies stores (9.8 percent decline)

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 Sioux Falls, SD

2007-01-11T18:29:00.000-08:00

The Asian headed households reported median household incomes of $50,700. This household income level is 0.1 percent less than the reported median household income, in the area, for all households. Hispanic Householders in Sioux Falls, SD , as reported in 2000, had a median household income of $37,370, this median household income is 26.4 percent less than the reported median household income for all households in the area. The households that were headed by an American Indian and Alaska Native individual in Sioux Falls had a median household income level of $23,778, this was 53.2 percent less than the median income level in this area. In Sioux Falls, SD White headed households reported a median household income (2005 Dollars) of $51,565 according to the Decennial Census of 2000, which was 1.6 percent greater than the median in 2000. Black or African American householders reported household income levels that were 30.1 percent less than the all population median published in the 2000 Census, with a median of $35,466.

When put side-by-side with other Metros throughout the United States, the Sioux Falls metro area can be recognized as having a very low rate of poverty among its population, accounting a rate of 7.1 percent with a family income under the 1999 poverty level. The American Indian and Alaska Native race/ethnicity population cohort, has the uppermost poverty rate with 47.2 percent of the people in 2000 living in poverty. The population that is aged Under 5 years are witness to the most percent living in poverty in Sioux Falls, having 11 percent of this age group in the area living in poverty.

The median household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $46,497, which represents a 8.4 percent decline. The Sioux Falls, SD MSA, in terms of percent of decline, ranks 1 of 2 metro area in percent of decline for household income in South Dakota. Sioux Falls ranks 108 of 233 metro area when comparing the decline in median income level for the United States.

While household income level experienced a decline during the period of 2000 to 2005 in the Sioux Falls, SD metro area, the Race/Ethnicity category that saw the sharpest decline in household income was the American Indian and Alaska Native category. This group felt a decline of 54 percent from 2000 to 2005. The Asian population group was least impacted by the household income decline in Sioux Falls, encountering a 22.4 percent increase in median household income from 2000 to 2005.

Compared to other MSAs throughout the nation, the Sioux Falls metro area reported a relatively high household income of $50,763 (2005 Dollars). This median is 18.7 percent higher than the median in South Dakota of $41,280 and the income level is 3.2 percent higher than the median household income level in the US of $49,133.

The rate of poverty in the Sioux Falls, SD Metro has increased by 2.9 percent since the amount published in 2000, moving from 7.1 percent to 10 percent.

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

Higher Education in the Sioux Falls, SD Metro Area

2006-12-19T22:39:00.000-08:00

From the years 2000 to 2005, the proportion of the male population that could be considered highly educated has increased by 2.4 percent. In the year 2005, 29.4 percent of area's male population, over the age 25, achieved a Bachelors Degree or Higher. At the same time, the percent of women, over the age 25, holding at least a Bachelors Degree has increased by a total of 2.8 percent. By 2005, a total of 27.4 percent of the women in the population had received a Bachelors Degree or Higher.

Sioux Falls, SD Metro Area has a highly-educated population of the working age, with 28.4 percent of the over 25 years old population having a Bachelors Degree or Higher, according to the 2005 American Community Survey. The Sioux Falls MSA has a higher percent of population with high education level than the State of South Dakota's proportion of 24.6 percent and a higher percent than United States proportion of 27.2 percent.

Since the year 2000, the Sioux Falls metro area has increased in the population percent with a Bachelors of Higher. This population percent has grown by 2.4 percent to a total of 28.4 percent in 2005. According to the American Community Survey, the proportion of the population in 2005 with a BA or Higher is greater than the 2005 State of South Dakota percent of 24.6 and greater than the United States percent of 27.2.

According to the 2005 American Community Survey in the Sioux Falls, SD Metro Area, a high proportion of the male population in the area have reached the High School Diploma category, with 31.8 percent achieving this level. The female population in the Sioux Falls metro area have on average achieved a lower level of higher education (Bachelors or Higher) than men -- 29.4 percent (Men) versus 27.4 percent (Women). The largest educational attainment category for women is Some College or Associates Degree category, with 35.2 percent of the women population in the area achieving this level of education.

In the Sioux Falls, SD Metro Area according the 2005 American Community Survey, 28.8 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 at least a Bachelors Degree.

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

Demographic Profile for Sioux Falls, SD

2006-12-03T05:59:00.000-08:00

The Sioux Falls metro area had an estimated population of 207,918 for the year 2005. The total population has increased sharply, since the 2000 total population of 188,262. This growth shows an increase of 10.4 percent. Sioux Falls ranks 1 of 2 MSAs when analyzing total population change in South Dakota and the metro area ranks 116 of 361 metro areas by growth in MSA population in the United States.

The Sioux Falls metropolitan statistical area (MSA) has a population that is made of 91.8 percent White, 1.6 percent African American, 0.9 percent Asian, and 2.7 percent Hispanic. This area can be considered to have a modest amount of racial and ethnic diversity, with 5.2 percent minorities. This is greater than the State of South Dakota percent of 3.5. Since 2000, Sioux Falls has increased the level of diversity when 3.9 percent of the population was made up of minorities.

The U.S. Census Bureau, in the year 2005, estimated the median age in the Sioux Falls metro area to be 34.7 years old. The median in Sioux Falls is less than the median age in South Dakota of 37.0. Since the year 2000, the area has witnessed an increase in the median age, when it was 33.6 years old. With a total of 24.7 percent of the 2005 population being comprised of individuals under the age of 18, Sioux Falls can be described as having a medium-high percent of individuals under 18. The working age population group (18-64) has a medium-high presence of the 2005 population base, with 63.9 percent of the population falling in this age category. The retirement (65 and over) group makes up 11.4 percent of the population. When compared to other metro areas in the United States, this represents a medium-low percent of the population base.

By measuring total land area, the Sioux Falls metro area encompasses a total area of 2579 square miles. The land areas has a medium-low density of 81 persons per square mile, in 2005. Other US metro areas with similar densities include: -- more densely populated -- Lake Charles (82 per sq. mile ), Hattiesburg (82 per sq. mile ), Wausau (83 per sq. mile ), -- less densely populated -- Dothan (79 per sq. mile ), Lynchburg (79 per sq. mile ), Valdosta (79 per sq. mile ).

Since the year 2000, a high number of individuals migrated into the Sioux Falls metro area, with 2,390 people migrating in from outside the country. The immigration into Sioux Falls totals 60.4 percent of the total international migration into the State of South Dakota. This level of international migration can be considered high when compared to international migration per 2005 population.

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

Housing Report for Sioux Falls

2006-11-11T21:41:00.000-08:00

The residential housing values in Sioux Falls, South Dakota have seen large increases since the Census values accounted for in the year 2000. The values have increased by $31,200, or 30.7 percent, since 2000 when their medians were valued at $101,600.

When comparing areas across the State of South Dakota, Sioux Falls stands 1 of the 2 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 42 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.

Sioux Falls had an owner-occupied dwelling median in 2005 of $132,800, according to the American Community Survey. This value is greater than the State of South Dakota 2005 home value of $101,700 and less than median owner-occupied dwelling value of $167,500 across the nation during that year.

In Sioux Falls, the real estate market was made up of 87,252 homes in the year 2005. This MSA has gone through a medium-high growth level in the number housing units, adding a total of 8,807 residential structures since 2001, a change of 11.2 percent.

Sioux Falls can be understood as having a medium percentage of homes that are high in price. For 2005, the American Community Survey counted that 1.8 percent of the homes were valued over $500,000.

It can be understood that there is a fair amount affordable residential real estate in Sioux Falls, South Dakota. In 2005, 44.5 percent of residential real estate was valued under $125,000.

Data Source: U.S. Census Bureau

Employment Report for Sioux Falls, South Dakota -- Annual 2005 Industry Summary

2006-11-05T03:03:00.000-08:00

In Sioux Falls, Health care and social assistance, Retail Trade, and the Manufacturing industries have the largest percent of jobs of all industries. The Health care and social assistance produces the largest number of jobs in the area accounting for 17.7 percent of the total MSA employment. This totals 19,724 employees. The Retail Trade and Manufacturing industries make up 14.7 and 11.3 percent of total employment, respectively.

Manufacturing has the largest businesses in Sioux Falls Metro Area. The industry averages 47 jobs per establishment, which is greater than the industry's average at the national level of 39 and greater than the State of South Dakota average establishment size of 39 for the Manufacturing industry.

The Finance and insurance industry decreased the most in percent of total employment in the Sioux Falls Metro Area, from the year 2001 to 2005, accounting for 13.1 percent of total employment for the year 2001 to 0 percent of employment in 2005.

The Sioux Falls is the Metropolitain Area that is ranked 150 of 363 throughout the US according to the relatively size of the employment base in the year 2005. This ranking has slipped behind during the time of 2001 and 2005. The Metropolitan Area, in the year 2001, was ranked 149 of 363 Counties.

Construction is the industry with the largest change in employment since the year 2001 in Sioux Falls, changing a total of 14.5 percent. This is greater than the rate of employment change across the nation of 7.3 percent. The State of South Dakota encountered a change in industry employment of 13.7 percent, during the time since 2001.

In Sioux Falls, Health care and social assistance, Wholesale trade and Retail Trade industries have the highest United States location quotient (LQ). The Health care and social assistance industry has a US LQ in the region of 1.37. This means the percent of total employment in the Health care and social assistance sector is 1.37 times greater than the US average, showing signs that Sioux Falls may specialize, or be an exporter of Health care and social assistance.

A well-paying sector in Sioux Falls is the wholesale trade sector paying an annual wage of $43,109. Locally, since the year 2001, the annual average pay of the industry has grown by 12.9 percent or $4,930. The State of South Dakota holds a similar pattern in the wholesale trade sector, standing near the top of sectors by 2004 industry pay.

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