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Spearfish, South Dakota

city · Lawrence County

At a glance

12,930
Population
$346,200
Median home value (all homes)
14% above U.S. median
$461,084
Typical market value
Zillow, 2026-07
$963/mo
Median rent
29% below U.S. median
$65,688
Median household income
16% below U.S. median
16.3 min
Average commute
92.2%
Homes with broadband
35.78%
Locations with fiber available
2.2%
Unemployment

Cost of living (Clay Affordability Index)

CAI 98 — 2% below the national average. how it's computed

Housing32% above
Goods & services6% below
Utilities16% below
Taxes68% below
Insurance12% below
Commute cost41% below
For business: South Dakota is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Colleges in town:
Black Hills State University Graduate degrees
Nearest 4-year college1 mi
Nearest community college44 mi
Nearest technical college42 mi
High school graduates95.5%
College graduates41.8%

Doing business here

Economic development contacts, most local first:

city Spearfish Economic Development Corp
Growing our community by expanding quality business development and job creation. Spearfish Economic Development Corporation (SEDC) provides leadership to attract new businesses, expand quality jobs, and facilitate access to funding, aimed at growing the Spearfish economy.
state South Dakota Rural Enterprise
Dakota Resources is an intermediary serving rural economic development organizations (EDOs), providing flexible financing, leadership coaching, collaborative networks, and real-time resources to strengthen EDOs and rural communities.
state South Dakota's Governor's Office of Eco Dev
GOED provides financing, research, networking, and other resources to help new and existing businesses flourish in South Dakota.
State sales taxYes
State income taxNone
Right-to-work stateYes

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