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CITY · 2010 ACS

Lake Madison

South Dakota · 683 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 $72,917. Population has grown 21% since 2011. 39% of adults hold a bachelor's degree or higher, well above the national rate of 28%. Median home value is $216,400. With a median age of 53.6, the population is older than the US median of 37.2. Households here earn about 57% more than the South Dakota median.

At a glance
Wealthier
above the US median
US median: $52,703
Older
median age 53.6
US median: 37.2
More educated
39% hold a bachelor's degree
US average: 28%
Stable housing
home values roughly flat, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
683
+21%vs 2011
vs 563 in 2011
2010 – 2024
Population density
145 / sq mi
+21%vs 2011
vs 119 / sq mi in 2011
US average: 261
Median age
53.6
Unchangedvs 2011
vs 53.4 in 2011
US average: 37.2
Population, 2010 – 2024
488610733855977201020202024Lake Madison
2024936
201020202024
Section 02

Income & economy

Median household income
$72,917
−1%inflation adjusted, since 2011
vs $75,875 in 2011
US average: $52,703
2010 – 2024
Per capita income
$43,658
−16%vs 2011
vs $51,783 in 2011
US average: $27,286
Households earning $100K+
46.0%
−5.3 ptsvs 2011
vs 51.3% in 2011
US average: 33.3%
Poverty rate
4.1%
−0.3 ptsvs 2011
vs 4.4% in 2011
US average: 13.8%
Income inequality (Gini)
0.480
Unchangedvs 2011
vs 0.479 in 2011
US average: 0.461
Workforce by industry, 2010
Retail trade18.1%
US avg: 10.9%
Wholesale trade7.7%
US avg: 7.2%
Transportation & warehousing5.4%
US avg: 3.1%
Other services3.4%
US avg: 7%
Information3%
US avg: 11.5%
Agriculture, forestry, fishing0%
US avg: 1.9%
Construction0%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
Finance & insurance0%
US avg: 5.1%
Professional, scientific, technical0%
US avg: 4.2%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 2.4%
Public administration0%
US avg: 4.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$216,400
+1%inflation adjusted, since 2011
vs $221,700 in 2011
US average: $225,659
2010 – 2024
Owner-occupied
55.6%
−37.6 ptsvs 2011
vs 93.2% in 2011
13.3% rent
Vacancy rate
70.7%
+0.4 ptsvs 2011
vs 70.2% in 2011
US average: 12.1%
Owner cost-burdened
14.2%
+5.4 ptsvs 2011
vs 8.8% in 2011
US average: 30.9%
Renter cost-burdened
100.0%
+21.1 ptsvs 2011
vs 78.9% in 2011
US average: 46.8%
Afford Score
3.0
+2%vs 2011
vs 2.9 in 2011
2010 – 2024
RELATED:See current rent listings in Lake Madison on RentDataNow
Section 04

Race & ethnicity

2011
White, non-Hispanic98.2%(553)
Black0%(0)
Hispanic / Latino1.8%(10)
Asian0%(0)
Other0%(0)
Diversity Score4.4%(25)
2010
White, non-Hispanic98.5%(673)
Black0.6%(4)
Hispanic / Latino0.3%(2)
Asian0%(0)
Other0%(0)
Diversity Score2.2%(15)
Diversity Score
2
−50%vs 2011
vs 4 in 2011
2010 – 2024
Section 05

Education

Bachelor's degree or higher
39.0%
+3.2 ptsvs 2011
vs 35.9% in 2011
US average: 27.9%
High school or higher
93.2%
−0.1 ptsvs 2011
vs 93.2% in 2011
US average: 84.9%
Graduate degree
13.0%
+4.5 ptsvs 2011
vs 8.5% in 2011
US average: 10.2%
Section 06

Commute & transportation

Average commute
21.9 min
−6%vs 2011
vs 23.4 min in 2011
US average: 25.2
Drive alone to work
77.5%
−9.5 ptsvs 2011
vs 86.9% in 2011
US average: 76.2%
Carpooled to work
18.2%
+8.1 ptsvs 2011
vs 10.1% in 2011
US average: 10.4%
Public transit
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 4.7%
Worked from home
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 4.1%
Walked to work
4.4%
+1.4 ptsvs 2011
vs 3.0% in 2011
US average: 2.8%
Biked to work
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 0.5%
No vehicle available
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 8.7%
Section 07

Work & employment

Self-employed
20.5%
+5.9 ptsvs 2011
vs 14.6% in 2011
US average: 12.9%
Management & professional
54.0%
+9.4 ptsvs 2011
vs 44.6% in 2011
US average: 35.2%
Section 08

People & community

Male
51.4%
−0.3 ptsvs 2011
vs 51.7% in 2011
Female
48.6%
+0.3 ptsvs 2011
vs 48.3% in 2011
Foreign born
0.0%
Unchangedvs 2011
vs 0.0% in 2011
US average: 12.8%
Veterans
8.6%
+1.2 ptsvs 2011
vs 7.3% in 2011
US average: 9.9%
Drill deeper

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LAKE MADISON VS
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Frequently asked

How many people live in Lake Madison, South Dakota?

Lake Madison, South Dakota has about 683 residents according to the 2010 American Community Survey.

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

The typical household in Lake Madison, South Dakota earns about $72,917 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 $216,400.

How educated are people in Lake Madison, South Dakota?

About 39.0% 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 4.1% 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

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