South Dakota · Metropolitan Area
Lake Madison is a small town in South Dakota with a population of 885. Residents earn $116,648 per year, which is 55% above the national average.
Based on current data, Lake Madison receives an overall livability score of 4.7 out of 5.0, earning a grade of A+. Key strengths include above-average household incomes, low unemployment, a highly educated population, a low poverty rate. Areas to be aware of include high housing costs. Lake Madison stands out as an excellent place to live, with strong marks across most quality-of-life indicators.
The median household income in Lake Madison is $116,648, which is significantly higher than the national average — 55% above $75,149. This places Lake Madison among higher-income communities. The job market is very strong with unemployment at just 1.9%. Only 3.9% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 26 minutes.
The median home value in Lake Madison is $496,600, making it a premium housing market at 76% above the U.S. median of $281,900. Renters pay a median of $595 per month, below the national average — a plus for affordability. A price-to-income ratio of 4.3x indicates a reasonably affordable housing market.
Educational attainment is solid, with 48.5% holding a bachelor's degree or higher, near the national average. 99.6% have completed high school. Area schools have an average test score of 5.4/10.
Lake Madison has a cool climate with an average annual temperature of 45°F. Winters average 14°F in January while summers reach 72°F in July. Annual precipitation totals 26.4 inches, including 36.8 inches of snow. Air quality is rated Good with a median AQI of 35.
| English Only | 98.1% |
| 25% above US avg | |
| Spanish | 1.9% |
| 86% below US avg |
| Median HH Income | $116,648 |
| 55% above US avg | |
| Per Capita Income | $95,163 |
| Avg Weekly Wage | $973 |
| IRS Avg AGI | $85,058 |
| Unemployment | 1.9% |
| 47% below US avg | |
| Poverty Rate | 3.9% |
| 69% below US avg | |
| Establishments (County) | 246 |
| County GDP | $406M |
| Restaurants | 18 |
| Healthcare | 18 |
| Retail | 22 |
| Manufacturing | 5 |
| Property Tax (IRS) | $4,817 |
| 38% above US avg | |
| Effective Tax Rate | 0.97% |
| Commute Time | 25.6 min |
| Work from Home | 27.6% |
| Census Median | $496,600 |
| 76% above US avg |
| Census Median Rent | $595 |
| 49% below US avg |
| Studio | $691 |
| 1 Bedroom | $784 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,295 |
| 4 Bedrooms | $1,540 |
| Owner-Occupied | 88.4% |
| Avg Tax (IRS) | $4,817 |
| 38% above US avg | |
| Effective Rate | 0.97% |
| Obesity | 31.0% |
| 3% below US avg | |
| Diabetes | 7.8% |
| Heart Disease | 4.8% |
| High Blood Pressure | 27.4% |
| Asthma | 9.6% |
| COPD | 4.5% |
| Stroke | 2.4% |
| Binge Drinking | 22.4% |
| Physical Inactivity | 18.1% |
| Depression | 20.4% |
| Mental Distress | 14.4% |
| Physical Distress | 9.8% |
| Insurance Rate | 97.9% |
| Checkup Rate | 74.1% |
| Premature Death | 6,584/100K |
| Food Environment | 8.3/10 |
| Exercise Access | 30.8% |
| Healthcare Facilities | 18 |
| Fatal Crashes (County/yr) | 1 |
| Annual Average | 44.7°F |
| 17% below US avg | |
| January Average | 14°F (-10°C) |
| July Average | 72°F (22°C) |
| Annual Rainfall | 26.4 inches |
| 31% below US avg | |
| Snowfall | 36.8 inches/yr |
| AQI Median | 35.0 |
| Rating | Good |
| Elevation | 1,614 ft (492 m) |
| Area | 4.7 sq mi (12.2 km²) |
| Population Density | 188/sq mi |
| Coordinates | 43.9551°N, 97.0266°W |
| County FIPS | 46087 |
Winner: Republican by 49.3 points
| Bachelor's Degree+ | 48.5% |
| 44% above US avg | |
| High School+ | 99.6% |
| School Test Score | 5.45 |
| RUCC Code 2 | Metro — 250K–1M |
| Population Density | 188/sq mi |
| Total Area | 4.7 sq mi |
| Healthcare Facilities | 18 |
| Restaurants | 18 |
| Retail Stores | 22 |
| Fatal Crashes (County/yr) | 1 |
| Avg Commute | 25.6 min |
| Work from Home | 27.6% |