Summerset, located in south central Meade County is South Dakota’s newest class II municipality with incredible opportunities for future growth. The area has many land tracts of commercially zoned property available for economic growth.
Visit the City of Summerset website for detailed information about the community demographics, employment, education and information on the economic development potentials.
The City of Summerset is located in the Piedmont Valley, along the I-90 corridor and includes; the Black Hawk Census District, the City of Piedmont, and several housing developments: Indian Hills, North and South High Meadows, Midland Heights, Wonderland homes - to name a few.
With a valley population that’s growing and Meade County growth ranking 3rd in the state, most of which is happening in the Piedmont Valley, Meade County is ranked 8th in the country for growth in counties of greater than 10,000 in population. Interstate 90, exit 52 at Peaceful Pines Road is one of the busiest on/off interchanges in the state; we’re excited about what the future has in store for Summerset.
The primary economic driver in Summerset presently is residential building
In 2013 the City of Summerset issued 47 permits for single family residential construction, two permits for Commercial multi-family residential construction and two commercial permits. The estimated property valuation increase for the City of Summerset in 2013 was $8,200,000.
As of June 30, 2014 Summerset continues its growth in residential building having issued 16 single family residential permits, nine one- and two- family residential permits, nine basement remodel permits, and onecommercial permit. The estimated increase in property valuation for the first 6 months in 2014 is already $4,500,000.
Using ESRI Community Profile data based on the 2010 Census Summerset boast an 83.5 percent owner-occupied housing ratio, with a median home value of $171,898. Forecasts for 2018 reflect an 86.1 owner occupied ratio and a median home value of $235,000.
Employment and Workforce
The largest employment industries are retail trade, construction, and healthcare and social assistance. Supervisor is the most common job description in Summerset, according to the U.S. Census Bureau.
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. Though many of Summerset’s residents commute to Rapid City, in Pennington County for work, it is only a short fifteen-minute drive away.
Meade County had a 75.8 percent proportion of adults working, larger than both the South Dakota average of 76.4 percent, and the national average of 68.7 percent.
Income & Wages
At $72,833 in 2015, the median household income of Summerset, was greater than both the South Dakota median of $53,017 and, the United States median of $55,775. The Median Household Income of Summerset is projected to increase by 3.12 percent by 2020.
The number of people living in poverty in Summerset is 199, approximately 9.0 percent of the total population. The state’s poverty rate is 13.7 percent as compared to the United States average of 14.7 percent.
Of Summerset’s 198 households, 28 percent pay 30 percent or more of their income on monthly housing costs, also known as Housing Cost Burdened. South Dakota’s Housing Cost Burdened is slightly less than Summerset’s at 24.5 percent, but the United States’ is larger at 33.3 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.