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EconPulse

Local economy signal dashboard

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PLACEStable

Fulton, SD

Stable overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score61out of 100
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4
90
0
91
100

Population

84

Data freshness

Unknown

GDP / Output

-4.9% YoY

4

$217.2M

Output changed -4.9% in 2024.

Vintage date unknown

State growth3.1%
U.S. growth5.3%

Jobs

Unemployment rate

90

2.4%

Unemployment is 2.4% for July 2026.

Vintage date unknown

State avg2.9%
U.S. avg5.2%

Population

-39.1% 5-year

0

84

Population moved -39.1% over the latest ACS window.

Vintage date unknown

State population907,428
U.S. population334,922,499

Housing

Rent share of income

91

6.8%

Median rent consumes 6.8% of median household income: Affordable.

Vintage date unknown

State rent$946
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$15.7K per resident

100

$54.5M

$54.5M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$11.5B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$54.5M

$15.7K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$24.4M
2. Department of Agriculture$14.8M
3. Department of Transportation$13.6M

Top recipients

Dollars
1. REDACTED DUE TO PII$14.2M
2. STATE OF SOUTH DAKOTA$13.6M
3. HANSON RURAL WATER SYSTEM, INC.$351.0K

Affordable

Housing Affordability

6.8%

of median income

1BR estimate$262
2BR estimate$345
Median income$56,667
Median home value$154,200

ACS context

Quick Facts

Population

84

Median age

39.8

Bachelor's degree+

20.3%

Poverty rate

11.9%

Labor force participation

62.0%

Prime rate

6.8%

CPI YoY

+3.0%

U.S. GDP YoY

+6.6%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

July 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-15

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-9.5%

GDP CAGR

+7.9%

Federal flow

5 years

Population (5 years)
2020138
2021107
202280
202389
202484
GDP (5 years)
2020$148.8M
2021$184.6M
2022$224.9M
2023$228.5M
2024$217.2M

2-year linear forecast

Predictive Outlook

Population forecast

202484
202562 *
202649 *

R² = 70.0% · * projected

GDP forecast

2024$217.2M
2025$255.1M *
2026$273.1M *

R² = 71.3% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$56,667/yr
Median rent$319/mo
Rent share of income6.8%
Est. mortgage (30yr, 6.5%)$9,357/yr
Mortgage share of income16.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate2.4%
State avg2.9%
U.S. avg5.2%
Labor force participation62.0%
Poverty rate11.9%

Data from BLS LAUS / CPS. July 2026.

valuation snapshot

Real Estate

Median home value$154,200
Median monthly rent$319
Price-to-rent ratio40.3x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateModerate
Composite score39/100
Economic growth4/100
Labor market90/100
Population momentum0/100
Overall stability61/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Fulton town, South Dakota

City/Town

Part of

Mitchell, SD

Nearby locations

Millbrook Colony, SDAlexandria, SDFarmer, SDRosedale Colony, SDRockport Colony, SD