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EconPulse

Local economy signal dashboard

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PLACEThriving

Vermillion, SD

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

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Overall score82out of 100
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59
92
100
75
93

Population

11,878

Data freshness

Unknown

GDP / Output

+2.8% YoY

59

$877.1M

Output changed +2.8% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

92

2.3%

Unemployment is 2.3% for July 2026.

Vintage date unknown

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

Population

+9.5% 5-year

100

11,878

Population moved +9.5% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

75

18.2%

Median rent consumes 18.2% 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

$7.2K per resident

93

$107.7M

$107.7M 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

$107.7M

$7.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$51.8M
2. Department of Agriculture$21.6M
3. Department of Education$12.7M

Top recipients

Dollars
1. THE UNIVERSITY OF SOUTH DAKOTA$21.9M
2. REDACTED DUE TO PII$20.3M
3. CITY OF VERMILLION$2.9M

Affordable

Housing Affordability

18.2%

of median income

1BR estimate$626
2BR estimate$825
Median income$50,456
Median home value$219,000

ACS context

Quick Facts

Population

11,878

Median age

23.1

Bachelor's degree+

50.6%

Poverty rate

24.4%

Labor force participation

68.6%

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

+1.8%

GDP CAGR

+7.3%

Federal flow

N/A

Population (5 years)
202010,852
202111,506
202211,667
202311,800
202411,878
GDP (5 years)
2020$615.8M
2021$711.0M
2022$808.6M
2023$853.1M
2024$877.1M

2-year linear forecast

Predictive Outlook

Population forecast

202411,878
202512,244 *
202612,479 *

R² = 81.8% · * projected

GDP forecast

2024$877.1M
2025$972.5M *
2026$1.0B *

R² = 93.8% · * 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$50,456/yr
Median rent$764/mo
Rent share of income18.2%
Est. mortgage (30yr, 6.5%)$13,289/yr
Mortgage share of income26.3%

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

employment snapshot

Job Market

Unemployment rate2.3%
State avg2.9%
U.S. avg5.2%
Labor force participation68.6%
Poverty rate24.4%

Data from BLS LAUS / CPS. July 2026.

valuation snapshot

Real Estate

Median home value$219,000
Median monthly rent$764
Price-to-rent ratio23.9x

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

composite score

Investment Climate

Investment climateStrong
Composite score81/100
Economic growth59/100
Labor market92/100
Population momentum100/100
Overall stability82/100

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

Location Context

Vermillion city, South Dakota

City/Town

Part of

Vermillion, SD

Nearby locations

Burbank, SDMaskell, NEObert, NEMeckling, SDNewcastle, NE