Black Hills Knowledge Netowork

Keystone - Work & Economy

The Keystone economy climbed 11.43 percent in the past year, generating $52,708,435.24 in business activity subject to state sales tax in 2016 compared to $51,965,399.57 in 2015. To see complete, monthly reports of sales tax information on Keystone, visit the South Dakota Department of Revenue website.

Gross Sales Revenue 

According to the South Dakota Department of Revenue, Keystone generated $58,793,528.62 in gross sales in 2016. Retail trade was the largest industry in the city, which produced $34,120,214.81. Services accounted for $19,955,554.02 in gross sales.

Employment and Workforce 

In 2015, Pennington County has 55,556 total jobs, a 0.2 percent increase from the previous year. South Dakota had about 416,020 jobs and the United States about 139,491,699. Both South Dakota and the United States had a 14.3 and 7.4 percent increase in total jobs respectively.

Pennington County had a 76.2 percent proportion of adults working, less than the South Dakota average of 76.4 percent, but larger than the national average of 68.7 percent. 

Like several of the small towns in the Black Hills, the Keystone economy benefits during the annual Sturgis Motorcycle Rally in August, which brings additional patrons to the town’s tourist shops as well as Mount Rushmore.

Income & Wages 

The Median Household Income of the town of Keystone was $33,500 in 2015, That’s less than both the South Dakota median of $53,017 and the national median of $55,775. Learn more about median household incomes in South Dakota at the South Dakota Dashboard.

Approximately 12.2 percent of the total population in Pennington County live in poverty. The state’s poverty rate is 13.7 percent as compared to the United States average of 14.7 percent.  

More Information 

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

Related items

  • Rapid City Council Prioritizes Infrastructure

    Nine members of the Rapid City Council voted in favor of increasing funding for infrastructure. City staff will now draft an ordinance shifting how Rapid…
  • Cadillac Jack’s Expansion Project Receives Additional TIF Support

    The Deadwood City COmmission recently approved an increase of $600,000 in tax incremental financing to the Cadillac Jack’s expansion project, reports the Black Hills Pioneer.…
  • Rapid City Council Concerned about Budget; Possible Property Tax Raises

    At the recent session of the Rapid City Council, concerns were brought up regarding Mayor Allender's proposed budget for 2018. According to a report from…

525 University Loop, Suite 202
Rapid City, SD 57701
(605) 716-0058   [email protected]