HomeSouth DakotaGrant County
Grant County, South Dakota: commercial real estate data.
Grant County, South Dakota had an estimated 7,618 residents on July 1, 2024, up 0.7 percent since the 2020 census base of 7,562, across 681 square miles. County output reached $831.0 m in 2024, 284 establishments operate here, and the SBA record carries 9 7(a) approvals worth $7.1 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Grant County
How many people live in Grant County
- Population, American Community Survey 2020-20247,563
- Households3,029
- Average household size2.50
- Median household income$75,028
- Median age44.5
- Median gross rent$763 per month
- Median owner-occupied home value$171,000
- Home value to household income2.3 times
- Annual rent as a share of median income12.2 percent
- Adults 25 and over with a bachelor degree or higher25.3 percent
- Adults 25 and over with a graduate degree7.3 percent
- Adults 25 and over5,267
- Population under 181,677
- Share under 1822.2 percent
- Population 65 and over1,767
- Share 65 and over23.4 percent
- Working age population, 18 to 644,119
- Civilian labor force4,227
- Unemployment rate2.7 percent
- Labor force participation, adults 18 and over71.8 percent
- Rank by population among South Dakota counties23rd of 66
- Rank by population among US county-equivalents, Puerto Rico included2684th of 3,222
Grant County is the 23rd largest of 66 South Dakota counties by population. A median home costs 2.3 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 23.4 percent against 22.2 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Grant County
Is Grant County's population growing?
- Population, July 1, 20247,618
- Census 2020 base population7,562
- Population change since the 2020 census base0.74 percent
- Population change, 2023 to 202447
- Births, 2024107
- Deaths, 2024105
- Natural change, 20242
- Net domestic migration, 202434
- Net international migration, 202411
- Total net migration, 202445
- Cumulative net domestic migration, 2021 to 20249
- Rank by growth among US county-equivalents1578th of 3,144
The county has grown 0.74 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Grant County
Where are people moving to Grant County from?
- Tax returns filed by households arriving149
- People arriving, from those returns250
- Tax returns filed by households leaving145
- Net household movement4
- Adjusted gross income arriving$14.4 m
- Net adjusted gross income movement$3.4 m
- Average income of an arriving household$96,866
- Average income of a leaving household$76,331
- Largest single destinationMinnehaha County (21 households)
| Origin | Households | People | Adjusted gross income |
|---|
Households arriving report $20,535 more average income than households leaving, so the migration is raising local spending power rather than just moving it around.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Grant County
What is the Grant County economy?
- County GDP, 2024$831.0 m
- County GDP, 2023$736.6 m
- GDP change, 2023 to 202412.8 percent
- GDP change over five years61.0 percent
- Rank by GDP among the South Dakota areas BEA publishes16th of 66
- Rank by GDP among the US county areas BEA publishes2004th of 3,127
- GDP per resident$109,877
Output grew 12.8 percent in the latest year and 61.0 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Grant County
Employment by industry in Grant County
- Covered employment, annual average3,854
- Establishments reporting382
- Average annual pay$54,491
- Average weekly wage$1,048
- Manufacturing, employment738
- Manufacturing, average annual pay$73,347
- Retail trade, employment430
- Retail trade, average annual pay$38,855
- Wholesale trade, employment280
- Wholesale trade, average annual pay$70,001
- Construction, employment274
- Construction, average annual pay$63,890
- Accommodation and food services, employment228
- Finance and insurance, employment144
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 738 | 17 | $73,347 |
| Retail trade | 430 | 37 | $38,855 |
| Wholesale trade | 280 | 25 | $70,001 |
| Construction | 274 | 56 | $63,890 |
| Accommodation and food services | 228 | 26 | $15,356 |
| Finance and insurance | 144 | 25 | $70,534 |
| Utilities | 142 | 5 | $103,803 |
| Administrative and support and waste management services | 134 | 22 | $59,420 |
Manufacturing is the largest private sector at 738 jobs, 19.1 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Grant County
How many businesses are in Grant County?
- Establishments, all industries284
- Employment at those establishments3,666
- Annual payroll$194.6 m
- Establishments per 1,000 residents37.6
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Grant County
Building permits in Grant County
- Housing units authorized by permit, 202422
- Declared construction value permitted$6.7 m
- Single family units authorized18
- Multifamily units authorized4
- Multifamily share of units18.2 percent
- Average declared value per unit$305,536
- Units authorized per 1,000 households7.3
Single-family homes are 81.8 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Grant County
SBA loans in Grant County (7(a) and 504)
- 7(a) approvals recorded9
- 7(a) gross approval dollars$7.1 m
- Average 7(a) approval$784,044
- Median 7(a) approval$337,500
- Largest single approval$4,725,000
- Jobs reported supported, 7(a)159
- Jobs per approval17.7
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals7
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer33.3 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter6
- Franchise loans0
- Franchise share of approvals0.0 percent
- Most active lenderNortheast Bank (3)
- 504 approvals recorded4
- 504 gross approval dollars$8.4 m
- Average 504 approval$2,099,250
- Median 504 approval$1,878,500
- Distinct CDCs active3
- 504 jobs per approval12.3
- 504 jobs per million dollars approved5.8
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$15.5 m
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Grant County
SBA loan default and charge-off rates in Grant County
Do SBA loans in Grant County get paid back?
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Paid in full2
- Status: Exempt from disclosure4
- Status: Cancelled3
Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Grant County
SBA lending by place in Grant County
- Borrower cities with recorded lending2
- Milbank, approvals7
- Stockholm, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Milbank | 7 | $7,011,400 |
| Stockholm | 2 | $45,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Grant County
How large is Grant County?
- Land area681 sq mi
- Rank by land area among South Dakota counties48th of 66
- Width, east to west37.7 mi
- Height, north to south24.2 mi
- Geographies sharing a boundary6
- Residents per square mile of land11
- Establishments per square mile0.42
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Grant County
Flood risk in Grant County
- Participation of the county's own NFIP community Grant County, unincorporated areasParticipating, community 460266
- Communities in the county in the NFIP Community Status Book8
- Of those, participating in the NFIP5
- NFIP participation rate62.5 percent
- Communities carrying a CRS class0
- Radon levels in Grant County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Grant County (community 460266), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Grant County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 62.5 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Grant County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Grant County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20247,563
- Households3,029
- Average household size2.50
- Median household income$75,028
- Median age44.5
Common questions
Grant County questions, answered from the record.
How many people live in Grant County, South Dakota?
The Census Bureau estimates 7,618 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 7,563, in 3,029 households, ranking 23rd of 66 South Dakota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Grant County's population growing?
The population has grown 0.74 percent since the 2020 census base of 7,562, to 7,618 on July 1, 2024. In 2024 there were 107 births against 105 deaths, with net migration of 45. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Grant County?
$75,028. The median owner-occupied home is valued at $171,000, which is 2.3 times income, and median gross rent is $763 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Grant County?
284 establishments, employing 3,666 people with an annual payroll of $194.6 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Grant County?
Manufacturing is the largest private sector at 738 jobs, 19.1 percent of covered employment. Covered employment averages 3,854 jobs at an average annual pay of $54,491, or $1,048 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Grant County?
9 7(a) approvals totaling $7.1 m since FY2020, across 6 lenders, with a median approval of $337,500, plus 4 504 approvals worth $8.4 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Grant County?
22 housing units were authorized by permit in 2024, with a declared construction value of $6.7 m. Multifamily was 18.2 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Grant County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Are traffic counts available for Grant County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Grant County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Grant County
Cities and places in Grant.
9 Census places lie wholly or partly in Grant County. All 9 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Milbank | city | 3,525 | 7 | Wholly in this county |
| Big Stone City | city | 706 | None recorded | Wholly in this county |
| Revillo | town | 88 | None recorded | Wholly in this county |
| La Bolt | town | 80 | None recorded | Wholly in this county |
| Stockholm | town | 74 | 2 | Wholly in this county |
| Strandburg | town | 58 | None recorded | Wholly in this county |
| Twin Brooks | town | 29 | None recorded | Wholly in this county |
| Marvin | town | 19 | None recorded | Wholly in this county |
| Albee | town | 4 | None recorded | Wholly in this county |