The Keystone economy climbed 11.43 percent in the past year, generating $52,708,435.24 in business activity subject to state sales tax in 2016 compared to $51,965,399.57 in 2015. To see complete, monthly reports of sales tax information on Keystone, visit the South Dakota Department of Revenue website.
Gross Sales Revenue
According to the South Dakota Department of Revenue, Keystone generated $58,793,528.62 in gross sales in 2016. Retail trade was the largest industry in the city, which produced $34,120,214.81. Services accounted for $19,955,554.02 in gross sales.
Employment and Workforce
In 2015, Pennington County has 55,556 total jobs, a 0.2 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.
Pennington County had a 76.2 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.
Like several of the small towns in the Black Hills, the Keystone economy benefits during the annual Sturgis Motorcycle Rally in August, which brings additional patrons to the town’s tourist shops as well as Mount Rushmore.
Income & Wages
The Median Household Income of the town of Keystone was $33,500 in 2015, That’s less than both the South Dakota median of $53,017 and the national median of $55,775. Learn more about median household incomes in South Dakota at the South Dakota Dashboard.
Approximately 12.2 percent of the total population in Pennington 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.