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Market insights · South Dakota

Pennington County, SD: growth, migration and housing

Pennington County has 116,792 residents, up 6.6% since 2020 (+0.4% in the last year). In 2022–2023, 5,030 households moved in and 4,568 moved out (+462 net), bringing in a net $78.2M of income. Median household income is $74,517, the median home $302,200 and median rent $1,120 a month.

Population (2025)116,792
5-year growth+6.6%
1-year growth+0.4%
Net households moving in+462
Per 1,000 residents+4.0
Net income moving in+$78.2M
Median household income$74,517
Median home value$302,200
Median rent$1,120/mo
Rent as share of income18%

In South Dakota: 10th of 66 counties for 5-year population growth · 7th of 62 counties for net in-migration (per resident) · 24th of 66 counties for median household income · 5th of 66 counties for median home value.

Where new residents came from

Top counties by households (tax returns) moving to Pennington County, 2022–2023 (IRS).

FromHouseholds (tax returns)Their income (AGI)
Meade County, SD612$30.5M
Lawrence County, SD156$9.4M
Custer County, SD96$6.8M
Oglala Lakota County, SD93$1.8M
Maricopa County, AZ92$7.0M
Minnehaha County, SD89$5.6M
Fall River County, SD62$3.0M
Polk County, TX60$6.9M

Where leavers went

Top counties by households leaving Pennington County, 2022–2023 (IRS).

ToHouseholds (tax returns)Their income (AGI)
Meade County, SD564$32.6M
Minnehaha County, SD133$5.9M
Lawrence County, SD126$9.8M
Maricopa County, AZ114$9.0M
Custer County, SD93$6.6M
Oglala Lakota County, SD48$1.3M
Clark County, NV43$3.7M
Hennepin County, MN40$2.2M

BizyFi in Pennington County

Fewer than 3 companies in the BizyFi directory are based here. Search them on the company map (company names with a free account), or browse South Dakota companies.

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Sources: U.S. Census Bureau population estimates (vintage 2025), American Community Survey 5-year (2024), and IRS Statistics of Income county-to-county migration data (2022–2023). Migration counts are tax returns (roughly households) moving between U.S. counties; the IRS suppresses very small flows. Growth rates, per-1,000 figures, rent share and state ranks are BizyFi calculations. Data updated 2026-10-17. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.