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Lake Madison, South Dakota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
936
Population
$129,191
Median Income
$477,800
Home Value
63.2
Median Age

Demographics

Lake Madison has a population of 936 with a median age of 63.2. Here is the racial and ethnic breakdown of the population:

White
88.9%
Other
11.1%
Demographic Value
Total Population936
Median Age63.2
White88.9%
Other / Two or More Races11.1%
Lake Madison, South Dakota — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 88.9%Other: 11.1%936PopulationWhiteWhite88.9%OtherOther11.1%

Income & Economy

The median household income in Lake Madison is $129,191, which is 60.3% above the national median of $80,610. The per capita income is $120,127. The poverty rate is 1.0%.

$129,191
Median Household Income
$120,127
Per Capita Income
1.0%
Poverty Rate

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Education

In Lake Madison, 99.6% of residents age 25+ have a high school diploma or higher, and 49.3% hold a bachelor's degree or higher (18.3% with a graduate or professional degree).

HS Diploma+
99.6%
Bachelor's+
49.3%
Graduate+
18.3%
Education Level % of Adults (25+)
High School Diploma or Higher99.6%
Bachelor's Degree or Higher49.3%
Graduate or Professional Degree18.3%

Housing

The median home value in Lake Madison is $477,800, above the national median of $303,400. The median monthly rent is $867. The homeownership rate is 90.9%.

$477,800
Median Home Value
$867/mo
Median Rent
90.9%
Homeownership Rate
Housing Metric Value
Median Home Value$477,800
Median Monthly Rent$867
Homeownership Rate90.9%
Vacancy Rate48.2%

Salaries in South Dakota

Explore salary data for popular occupations in South Dakota:

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Other Cities in South Dakota

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Frequently Asked Questions

What is the population of Lake Madison, South Dakota?
The population of Lake Madison, South Dakota is 936 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake Madison, South Dakota?
The median household income in Lake Madison, South Dakota is $129,191. This is 60.3% above the national median of $80,610.
What is the median home value in Lake Madison, South Dakota?
The median home value in Lake Madison, South Dakota is $477,800. The median monthly rent is $867.
What percentage of people in Lake Madison have a college degree?
In Lake Madison, South Dakota, 49.3% of adults age 25 and older hold a bachelor's degree or higher, and 99.6% have a high school diploma or higher.
Is Lake Madison, South Dakota an affordable place to live?
The home price-to-income ratio in Lake Madison, South Dakota is 3.7x (median home value $477,800 vs. median income $129,191), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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