Lake Madison, SD

Full City Profile · South Dakota · McCook County County

4.7 /5.0
A+ Excellent
885 Population 188/sq mi density
$116,648 Median Income $95,163 per capita
$496,600 Home Value $483,817 Zillow
$595 Median Rent 17.2% income on rent
46°F Avg Temperature
A+
Overall
4.7 / 5.0
Strong
A+
Economy
4.8 / 5.0
$116,648 median income, 3.2% unemployment
A
Affordability
4.3 / 5.0
$496,600 home value, $595/mo rent
A+
Education
4.9 / 5.0
48.5% bachelor's degree or higher

Lake Madison, SD

At a Glance

Median Income
$116,648
55% above
$95,163 per capita
Home Value
$496,600
76% above
Zillow: $483,817
Median Rent
$595/mo
49% below
17.2% of income on rent
Bachelor's Degree+
48.5%
44% above
99.6% high school+
Unemployment
3.2%
11% below
3.9% poverty rate
Obesity Rate
31.0%
3% below
12.1% smoking rate
Avg Temperature
46°F

How Lake Madison Compares to the U.S. Average

Each bar shows Lake Madison's value as a percentage of the national average (100% = U.S. avg)

Income
155%
Home Value
176%
Rent
51%
Poverty
31%
Bachelor's
144%
Unemployment
89%
Thin vertical line = U.S. national average (100%)

Is Lake Madison a Good Place to Live?

A+
4.7 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Lake Madison residents earn a median household income of $116,648 , which is 55% above the national average of $75,149. Per capita income is $95,163. The unemployment rate stands at 3.2% (11% below the U.S. rate of 3.6%). 3.9% of residents live below the poverty line. The area is home to 246 business establishments, including 18 restaurants.

Housing & Cost of Living

The median home value in Lake Madison is $496,600 , 76% above the national median of $281,900. Zillow estimates the typical home at $483,817. Median rent is $595/month, with 17.2% of renters spending more than 30% of income on housing. The cost of living index is 88.6 (100 = national average). The median home was built in 1990.

Education

48.5% of adults in Lake Madison hold a bachelor's degree or higher (44% above the national average). 99.6% have completed high school. Local schools score 6.1/10 in standardized testing.

Climate & Weather

Lake Madison has an average annual temperature of 46°F (8°C). Winters average 16°F in January while summers reach 72°F in July. Annual precipitation totals 26.8 inches.

Data Overview

People

Population885
Median Age61.3 yrs
Density188/mi²
Male / Female52% / 48%
Foreign Born2.1%
Veterans9.2%

Economy

A+
Median Income$116,648
Per Capita$95,163
Unemployment3.2%
Poverty3.9%
County GDP$406M
Avg Weekly Wage$973

Housing

A
Home Value$496,600
Rent$595
Ownership88.4%
Zillow$483,817
Housing Units933
Rent Burden17.2%

Health

Obesity31.0%
Diabetes7.8%
Smoking12.1%
Heart Disease4.8%
Premature Death6,584/100K

Climate

Avg Temp46°F
Rain26.8 in/yr
Elevation1,614 ft

Education

A+
Bachelor's+48.5%
High School+99.6%
Graduate+22.2%
School Score6.1/10

Community

2024 VoteR 73% / D 24%
Commute26 min
Broadband94.3%
Internet Speed104 Mbps
EV Stations1

Did You Know?

The median home in Lake Madison was built in 1990.
27.6% work from home.
The nearest airport is Brookings Regional (26 miles).
The Gini coefficient (income inequality) is 0.381 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
11.0% of the population has a disability.
Average internet download speed is 104 Mbps.
The county recorded 1 fatal vehicle crashes.