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Lake Madison, SD
Full City Profile · South Dakota · McCook County County
3.8
/5.0
B+
Good
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
45°F
Avg Temperature
291 sunny days/yr
142
Violent Crime/100K
1,332 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$116,648 median income, 1.9% unemployment
A
Affordability
4.3 / 5.0
$496,600 home value, $595/mo rent
F
Safety
1.0 / 5.0
142 violent crimes/100K
A+
Education
4.9 / 5.0
48.5% bachelor's degree or higher
Income Overview
Median Household Income
$116,648
55% above
US avg: $75,149
Per Capita Income
$95,163
144% above
US avg: $39,052
Unemployment Rate
1.9%
47% below
US avg: 3.6%
Poverty Rate
3.9%
69% below
US avg: 12.4%
Income Comparison: Lake Madison vs. U.S. Average
Each bar shows Lake Madison’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$116,648
155%
Per Capita
US: $39,052
$95,163
244%
IRS Avg AGI
US: $72,000
$85,058
118%
Avg Weekly Wage
US: $1,432
$973
68%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$973
32% below US avg ($1,432)
Mean Commute Time
26 min
7% below US avg (28 min)
Work From Home
27.6%
82% above US avg (15.2%)
Drive Alone
63.8%
13% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$406M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
63.8%
Public Transit
0%
Work From Home
27.6%
Other
8.6%
Average commute time
26 minutes
US avg: 28 min
Business Landscape
Total Establishments
246
Restaurants
18
Healthcare
18
Retail
22
Manufacturing
5
Tax & Financial
IRS Avg Adjusted Gross Income
$85,058
18% above US avg ($72,000)
Avg Property Tax
$4,817
38% above US avg ($3,500)
Cost of Living Index
88.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $116,648 |
| Per Capita Income | $95,163 |
| IRS Avg Adjusted Gross Income | $85,058 |
| Avg Weekly Wage | $973 |
| County GDP | $406M |
Hardship Indicators
| Unemployment Rate | 1.9% |
| Poverty Rate | 3.9% |
| Gini Coefficient | 0.381 |
| Cost of Living Index | 88.6 |
Commute
| Mean Commute | 26 minutes |
| Drive Alone | 63.8% |
| Public Transit | 0.0% |
| Work From Home | 27.6% |
Businesses
| Total Establishments | 246 |
| Restaurants | 18 |
| Healthcare | 18 |
| Retail | 22 |
| Manufacturing | 5 |
Tax
| IRS Avg AGI | $85,058 |
| Avg Property Tax | $4,817 |