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 $10/hr below 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 $10/hr difference means $200K per year in lost 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
85.1%
Top quartile: 92.7%
464 companies
SA Gross Margin
43.8%
Top quartile: 68.8%
103 companies
Billing Speed
1 day
Top quartile: -4 days (progress billing)
555 companies
Billable Hour Ratio
96.7%
Top quartile: 99.6%
654 companies
Quote Conversion
73%
Top quartile: 81.3%
409 companies
South Dakota Bill Rate
$80/hr
Top quartile: $102/hr
30 companies
Top Trades in South Dakota
Where does your South Dakota business fall?
We'll pull your actual numbers and benchmark you against South Dakota and national data. 15-minute call. Free.