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EconPulse

Local economy signal dashboard

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PLACEThriving

Wakonda, 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 score83out of 100
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59
92
100
78
92

Population

399

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 June 2026.

Vintage date unknown

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

Population

+49.4% 5-year

100

399

Population moved +49.4% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

78

15.8%

Median rent consumes 15.8% 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

$7.2K per resident

92

$107.6M

$107.6M 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

$107.6M

$7.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$51.8M
2. Department of Agriculture$21.4M
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$2.8M

Affordable

Housing Affordability

15.8%

of median income

1BR estimate$662
2BR estimate$872
Median income$61,250
Median home value$107,100

ACS context

Quick Facts

Population

399

Median age

54.4

Bachelor's degree+

20.5%

Poverty rate

20.1%

Labor force participation

40.3%

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

June 2026

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

+8.4%

GDP CAGR

+7.3%

Federal flow

5 years

Population (5 years)
2020267
2021321
2022387
2023352
2024399
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

2024399
2025434 *
2026463 *

R² = 76.4% · * 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$61,250/yr
Median rent$807/mo
Rent share of income15.8%
Est. mortgage (30yr, 6.5%)$6,499/yr
Mortgage share of income10.6%

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 avg2.0%
U.S. avg5.2%
Labor force participation40.3%
Poverty rate20.1%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$107,100
Median monthly rent$807
Price-to-rent ratio11.1x

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

composite score

Investment Climate

Investment climateStrong
Composite score81/100
Economic growth59/100
Labor market92/100
Population momentum100/100
Overall stability83/100

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

Location Context

Wakonda town, South Dakota

City/Town

Part of

Vermillion, SD

Nearby locations

Volin, SDIrene, SDGayville, SDCenterville, SDMission Hill, SD