The Piedmont economy climbed 8.97 percent in the past year, generating $12,449,840.88 in business activity subject to state sales tax in fiscal year 2015 (July 2014-June 2015) compared to $11,424,968.93 in FY2014. To see complete, monthly reports of sales tax information on Piedmont, visit the South Dakota Department of Revenue website.
Gross Sales Revenue
Employment and Workforce
The largest employer in Piedmont is the Piedmont Elementary School, where over 68 staff members work.
In 2015, Meade county has 6,941 total jobs, a 3.5 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.
Community members also work at the Elk Creek Valley Market and Slash J Bar & Grill, as well as a handful of cafes, a gas station and small mechanic shops. But because Piedmont is a bedroom community of Rapid City, many residents commute to their places of employment in Rapid City.
Meade County had a 75.8 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.
The economy of Piedmont was once more robust, with a gypsum plant in the mid-1900s, multiple saw mills, several restaurants and three banks. By 1977, the only major industry in the Piedmont area was the Little Rivers Lumber Company.
Like several of the small towns near Sturgis, the Piedmont economy benefits during the annual Sturgis Motorcycle Rally in August, which brings business and fills the campgrounds bordering the town.
Income & Wages
The Median Household Income of the city of Piedmont was $72,794 in 2015,. That’s larger than both the South Dakota median of $53,017 and the national median of $55,775.
Approximately 9.9 percent of the total population in Meade county live in poverty. The state’s poverty rate is 13.7 percent as compared to the United States average of 14.7 percent.
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.