Spearfish, South Dakota

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2022 5-Year Estimates
12,268
Population
$58,734
Median Income
$271,400
Home Value
38.4
Median Age

Demographics

Spearfish has a population of 12,268 with a median age of 38.4. Here is the racial and ethnic breakdown of the population:

White
89.2%
Other
7.3%
Hispanic
2.2%
Black
0.8%
Demographic Value
Total Population12,268
Median Age38.4
White89.2%
Black or African American0.8%
Asian0.5%
Hispanic or Latino2.2%
Other / Two or More Races7.3%

Income & Economy

The median household income in Spearfish is $58,734, which is 21.8% below the national median of $75,149. The per capita income is $44,700. The poverty rate is 13.1%.

$58,734
Median Household Income
$44,700
Per Capita Income
13.1%
Poverty Rate

Employment

The unemployment rate in Spearfish is 2.3%, compared to the national rate of 5.4%.

Education

In Spearfish, 95.9% of residents age 25+ have a high school diploma or higher, and 45.2% hold a bachelor's degree or higher (15.2% with a graduate or professional degree).

HS Diploma+
95.9%
Bachelor's+
45.2%
Graduate+
15.2%
Education Level % of Adults (25+)
High School Diploma or Higher95.9%
Bachelor's Degree or Higher45.2%
Graduate or Professional Degree15.2%

Housing

The median home value in Spearfish is $271,400, below the national median of $281,900. The median monthly rent is $913. The homeownership rate is 52.0%.

$271,400
Median Home Value
$913/mo
Median Rent
52.0%
Homeownership Rate
Housing Metric Value
Median Home Value$271,400
Median Monthly Rent$913
Homeownership Rate52.0%
Vacancy Rate9.0%

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Frequently Asked Questions

What is the population of Spearfish, South Dakota?
The population of Spearfish, South Dakota is 12,268 according to U.S. Census Bureau ACS 2022 5-Year Estimates.
What is the median household income in Spearfish, South Dakota?
The median household income in Spearfish, South Dakota is $58,734. This is 21.8% below the national median of $75,149.
What is the median home value in Spearfish, South Dakota?
The median home value in Spearfish, South Dakota is $271,400. The median monthly rent is $913.
What percentage of people in Spearfish have a college degree?
In Spearfish, South Dakota, 45.2% of adults age 25 and older hold a bachelor's degree or higher, and 95.9% have a high school diploma or higher.
Is Spearfish, South Dakota an affordable place to live?
The home price-to-income ratio in Spearfish, South Dakota is 4.6x (median home value $271,400 vs. median income $58,734), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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