Black Hills Knowledge Netowork

Sandstone buildings are the hallmark of Hot Springs' commercial district.
Sandstone buildings are the hallmark of Hot Springs' commercial district.
Black Hill Knowledge Network photo/Chelsea Gortmaker

Hot Springs - Work & Economy

Hot Springs has a Median Household Income of $41,680. Fall river county generated a total of $127.4 billion in gross sales revenue, with Retail Trade, Services, and Wholesale Trade making up the bulk of those sales in 2016, as reported by the South Dakota Department of Revenue. According to the 2015 American Community Survey, Fall River county’s total labor force  was 3,147 with 130 people or 2.2 percent listed as unemployed. According to U.S. Census data compiled on Data USA, the top five leading industries in Fall River County are Healthcare & Social Assistance, Accommodations & Food Service, Retail Trade, Public Administration, and Educational Services. For an in-depth economic profile of Fall River County, visit the South Dakota Governor's Office of Economic Development.

Hot Springs is also a part of the Southern Hills Economic Development Corporation.

City Profiles

The South Dakota Dashboard offers city profiles for South Dakota cities with populations of 1,000 and greater using data from the U.S. Census Bureau.

Find total population, racial breakdown, gender breakdown, poverty rates, disability rates, home ownership rates, housing cost burden data, median income, median age and more for Hot Springs on the South Dakota Dashboard.

Gross Sales Revenue

Fall River County ranks 39th of 66 counties in Gross Sales Revenue, generating $127,400,075 in 2016, as reported by the South Dakota Department of Revenue. Highest grossing sectors included retail trade ($92.6 million), services ($212.2 million), and wholesale trade ($3.5 million). Taxable sales in Fall River County exceeded $74.5 million in 2016, according to the South Dakota Department of Revenue.

Employment

Hot Springs has a total of 1,542 people in the labor force, or 52.9 percent of the total population aged 16 and over, according to the U.S. Census 2015 American Community Survey. Of those in the labor force, 56 are unemployed, giving Hot Springs an unemployment rate of 1.9 percent.  

According to U.S. Census data compiled on Data USA, the top five leading industries in Hot Springs are healthcare & social assistance, accommodations & food service, retail trade, public administration, and educational services.

Fall River County had a total of 2,404 jobs in 2015, up 1.6 percent from 2014. The percent of residents aged 16-64 are currently working is 51.2, lower than the national average of 68.7 percent. According to the 2015 American Community Survey, the county’s total labor force in May of 2016 was 3,147 with 130 people or 2.2 percent listed as unemployed.

Income & Wages

Hot Springs has a Median Household Income of $41,680. This is lower than the county median of $44,065 in 2015. Median Household Income for those 65+ in South Dakota is $37,896 less than the United States median of $40,971. 

In Hot Springs, approximately 19.0 percent of the total population live in poverty. This is higher than the county rate of 14.6 percent, the state rate of 13.7 percent and the national rate of 14.7 percent.

In Hot Springs 29.2 percent, pay 30 percent or more of their income on monthly housing costs, also known as Housing Cost Burden. This is higher than the county rate of 26 percent, South Dakota’s Housing Cost Burden at 24.5 percent, but lower than the national rate of 33.3 percent. Fall River County ranks 52nd of 66 counties in this category.

Agriculture & Resources 

There were 327 farms in Fall River County totaling 1,088,818 acres according to the 2012 U.S. Department of Agriculture Census. The average farm or ranch was 3,330 acres. The number of farms engaged in cattle production was 201. Between 2007 and 2012, the number of farms devoted to agriculture decreased by 1 percent. The market value of agricultural products sold in the county rose 21 percent to $116,858,000 from $96,927,000 in 2007. Livestock accounted for 94 percent of all sales. 92 percent of farmland was devoted to pasture in Fall River County. The amount of government payments farms received totaled $1,885,000, up by 23 percent since 2007. The average principal operator of a farm was 56 years old and was most likely male and white. Eleven Native Americans and 47 females were principal operators of farms.

For more information on agriculture in Fall River County, see the county profile at the U.S. Department of Agriculture's website. Explore more information at agcensus.gov and Rural Life and Census Data at SDSU, Brookings, SD.

Environment & Conservation

The Fall River County Conservation District is located in Hot Springs.

Housing

Hot Springs ranks 20th out of the 27 cities in South Dakota for Homeownership, with 58.6 percent of homes owner occupied. This is lower than the national rate of 63.0 percent, the state rate of 68.2 percent, and the county rate of 71 percent.

In Hot Springs 29.2 percent, pay 30 percent or more of their income on monthly housing costs, also known as Housing Cost Burden. This is higher than the county rate of 26 percent, South Dakota’s Housing Cost Burden at 24.5 percent, but lower than the national rate of 33.3 percent. Fall River County ranks 52nd of 66 counties in this category.

Tourism

Wind Cave National Park and other tourist attractions contribute heavily to the economy of Hot Springs, which is home to attractions like the Mammoth Site and Evans Plunge. In 2016, Fall River county ranked 15th of 66 counties in South Dakota in Real Taxable Tourism Sales, generating $8,210,087. That amount represented 1.0 percent of the state’s total. To see where other counties rank, see our chart on the South Dakota Dashboard.

Two of the top five industries in Hot Springs are Accommodations & Food Service and Retail Trade, according to the U.S. Census Bureau, as tourism and services make up a large part of the Hot Springs Economy.

More Information

For more data on the economies of South Dakota and the Black Hills, please check out our interactive graphs and charts at the South Dakota Dashboard.

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