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CITY

Lake Madison

South Dakota · 936 residents · 4.721 sq mi
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The short version

Lake Madison is significantly wealthier than the US average, with a median household income of $129,191. Population has held roughly steady since 2023. 49% of adults hold a bachelor's degree or higher. Median home value is $477,800. With a median age of 63.2, the population is older than the US median of 38.9. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 63.2
US median: 38.9
More educated
49% hold a bachelor's degree
US average: 36%
More affordable
home values down 7%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

936
+6%since 2023
from 885 in 2023
2010 – 2024
198 / sq mi
+6%since 2023
from 187 / sq mi in 2023
US average: 281
63.2
+3%since 2023
from 61.3 in 2023
US average: 38.9
Population, 20102024
488610733855977201020202024Lake Madison
2024936
201020202024
Section 02

Income & economy

$129,191
+8%inflation adjusted, since 2023
from $116,648 in 2023
US average: $82,259
2010 – 2024
$120,127
+26%since 2023
from $95,163 in 2023
US average: $44,673
Households earning $100K+
74.6%
+9.9 ptssince 2023
from 64.8% in 2023
US average: 53.3%
1.0%
−11.9 ptssince 2023
from 12.9% in 2023
US average: 12.5%
0.547
−6%since 2023
from 0.580 in 2023
US average: 0.476
Workforce by industry, 2024
Finance & insurance24.7%
US avg: 5.9%
Education & health services19.5%
US avg: 0.9%
Information16.1%
US avg: 10.8%
Wholesale trade12.4%
US avg: 6.9%
Other services11.2%
US avg: 6.7%
Public administration8%
US avg: 4.8%
Professional, scientific, technical5.2%
US avg: 5.1%
Retail trade4.4%
US avg: 9.9%
Agriculture, forestry, fishing3.8%
US avg: 1.6%
Construction3.8%
US avg: 1.2%
Transportation & warehousing2.2%
US avg: 2.2%
Manufacturing0%
US avg: 0.4%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$477,800
−7%inflation adjusted, since 2023
from $496,600 in 2023
US average: $376,019
2010 – 2024
$867
+42%inflation adjusted, since 2023
from $595 in 2023
US average: $1,442
90.9%
+2.5 ptssince 2023
from 88.4% in 2023
9.1% rent
48.2%
−4.0 ptssince 2023
from 52.3% in 2023
US average: 10.0%
16.3%
−5.3 ptssince 2023
from 21.7% in 2023
US average: 22.9%
20.5%
+14.3 ptssince 2023
from 6.1% in 2023
US average: 47.4%
3.7
−13%since 2023
from 4.3 in 2023
2010 – 2024
RELATED:See current rent listings in Lake Madison on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic80%(708)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other20%(177)
Diversity Score40%(354)
2024
White, non-Hispanic88.9%(832)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other11.1%(104)
Diversity Score24.7%(231)
25
−38%since 2023
from 40 in 2023
2010 – 2024
Section 05

Education

49.3%
+0.8 ptssince 2023
from 48.5% in 2023
US average: 35.6%
High school or higher
99.6%
+0.1 ptssince 2023
from 99.6% in 2023
US average: 89.6%
18.3%
+1.0 ptssince 2023
from 17.3% in 2023
US average: 14.0%
Section 06

Commute & transportation

17.1 min
−33%since 2023
from 25.6 min in 2023
US average: 26.5
62.6%
−1.2 ptssince 2023
from 63.8% in 2023
US average: 68.9%
2.3%
−0.1 ptssince 2023
from 2.4% in 2023
US average: 8.5%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
32.2%
+4.7 ptssince 2023
from 27.6% in 2023
US average: 15.0%
1.0%
−1.1 ptssince 2023
from 2.2% in 2023
US average: 2.4%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
0.8%
+0.4 ptssince 2023
from 0.5% in 2023
US average: 8.3%
Section 07

Work & employment

2.9%
−0.3 ptssince 2023
from 3.2% in 2023
US average: 5.2%
60.6%
+2.7 ptssince 2023
from 57.9% in 2023
US average: 63.5%
23.3%
+18.3 ptssince 2023
from 5.0% in 2023
US average: 13.1%
48.8%
−0.6 ptssince 2023
from 49.4% in 2023
US average: 42.5%
Section 08

People & community

55.9%
+4.0 ptssince 2023
from 51.9% in 2023
44.1%
−4.0 ptssince 2023
from 48.1% in 2023
2.1%
Unchangedsince 2023
from 2.1% in 2023
US average: 14.1%
9.5%
+0.4 ptssince 2023
from 9.2% in 2023
US average: 6.2%
9.5%
−1.5 ptssince 2023
from 11.0% in 2023
US average: 13.3%
1.0%
−0.9 ptssince 2023
from 1.9% in 2023
US average: 8.4%
97.1%
+2.8 ptssince 2023
from 94.3% in 2023
US average: 91.0%
99.0%
+0.7 ptssince 2023
from 98.3% in 2023
US average: 77.7%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
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Frequently asked

How many people live in Lake Madison, South Dakota?

Lake Madison, South Dakota has about 936 residents according to the 2024 American Community Survey.

What is the median household income in Lake Madison, South Dakota?

The typical household in Lake Madison, South Dakota earns about $129,191 a year. Half of households make more than that, and half make less.

Is Lake Madison, South Dakota expensive?

In Lake Madison, South Dakota, the median home is worth about $477,800, and the typical rent is about $867 a month.

How educated are people in Lake Madison, South Dakota?

About 49.3% of adults age 25 and over in Lake Madison, South Dakota hold a bachelor's degree or higher.

What is the poverty rate in Lake Madison, South Dakota?

About 1.0% of people in Lake Madison, South Dakota live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →

Lake Madison, South Dakota: demographics, income & housing data · CensusEasy