South Dakota — Level Index
How do South Dakota contractors compare to the national average? Bill rates, collection rates, margins, and utilization data from 30+ South Dakota contractors across HVAC, Plumbing, Electrical, and more.
Key Finding
South Dakota contractors bill $1/hr above the national median
South Dakota's small contractor market and harsh winters create strong seasonal demand for HVAC services. Sioux Falls growth is pushing metro rates above the state median, while no state income tax attracts contractors from neighboring states.
For a 10-tech shop, that $1/hr difference means $20K per year in additional revenue compared to the national median.
South Dakota Bill Rates
Median Bill Rate
$80/hr
75th Percentile
$102/hr
Top 10%
$126/hr
National Benchmarks
These metrics are reported nationally. Where your South Dakota business falls depends on your specific operations. See the full national breakdown.
Collection Rate
80.8%
Top quartile: 92.7%
n=587 companies
SA Gross Margin
37.9%
Top quartile: 53%
n=259 companies
Billing Speed
1 day
Raw median (incl. progress billers); ~7 days for post-completion invoicers
n=733 companies
Billable Hour Ratio
97.1%
Top quartile: 99.6%
n=963 companies
Quote Conversion
73.9%
Top quartile: 83.2%
n=794 companies
South Dakota Bill Rate
$80/hr
Top quartile: $102/hr
30+ South Dakota contractors estimated in market
Top Trades in South Dakota
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