Skip to main content

EconPulse

Local economy signal dashboard

Saved
PLACEThriving

Ipswich, SD

Thriving overall. Jobs is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score69out of 100
Compare
0
100
66
76
100

Population

1,048

Data freshness

Unknown

GDP / Output

-19.5% YoY

0

$257.3M

Output changed -19.5% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

100

0.0%

Unemployment is 0.0% for Latest available.

Vintage date unknown

State avg2.0%
U.S. avg5.2%

Population

+2.6% 5-year

66

1,048

Population moved +2.6% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

76

17.0%

Median rent consumes 17.0% 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

$9.3K per resident

100

$37.1M

$37.1M 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

$37.1M

$9.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$20.2M
2. Department of Agriculture$14.4M
3. Department of Veterans Affairs$1.1M

Top recipients

Dollars
1. REDACTED DUE TO PII$14.1M
2. STATE OF SOUTH DAKOTA$651.2K
3. JT HEINRICH FARMS LLC$174.5K

Affordable

Housing Affordability

17.0%

of median income

1BR estimate$863
2BR estimate$1,137
Median income$74,167
Median home value$164,700

ACS context

Quick Facts

Population

1,048

Median age

34.9

Bachelor's degree+

19.9%

Poverty rate

6.6%

Labor force participation

65.4%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

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

+0.5%

GDP CAGR

+0.6%

Federal flow

5 years

Population (5 years)
20201,021
20211,183
20221,170
20231,126
20241,048
GDP (5 years)
2020$249.6M
2021$356.9M
2022$396.5M
2023$319.5M
2024$257.3M

2-year linear forecast

Predictive Outlook

Population forecast

20241,048
20251,109 *
20261,108 *

R² = 0.0% · * projected

GDP forecast

2024$257.3M
2025$309.4M *
2026$307.2M *

R² = 0.3% · * 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$74,167/yr
Median rent$1,053/mo
Rent share of income17.0%
Est. mortgage (30yr, 6.5%)$9,994/yr
Mortgage share of income13.5%

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

employment snapshot

Job Market

Unemployment rate0.0%
State avg2.0%
U.S. avg5.2%
Labor force participation65.4%
Poverty rate6.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$164,700
Median monthly rent$1,053
Price-to-rent ratio13.0x

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

composite score

Investment Climate

Investment climateModerate
Composite score55/100
Economic growth0/100
Labor market100/100
Population momentum66/100
Overall stability69/100

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

Location Context

Ipswich city, South Dakota

City/Town

Part of

Aberdeen, SD

Nearby locations

Pembrook Colony, SDPlainview Colony, SDDeerfield Colony, SDMina, SDLong Lake Colony, SD