Lake Madison, SD

Census Place

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2023 Median Age

61.3

0.648% 1-year decrease

2023 Median Household Income

$116,648

2.1% 1-year growth

2023 Median Property Value

$496,600

1.43% 1-year growth

2023 Employed Population

417

3.92% 1-year decline

About

In N/A, Lake Madison, SD had a population of N/A people with a median age of 61.3 and a median household income of $116,648. Between N/A and N/A the population of Lake Madison, SD N/A from N/A to N/A, a N/A% N/A and its median household income grew from $114,250 to $116,648, a 2.1% increase.

N/A

None of the households in Lake Madison, SD reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

In 2023, the median property value in Lake Madison, SD was $496,600, and the homeownership rate was 88.4%.

United States South Dakota Lake County, SD Jackrabbit Region PUMA, SD

Economy

The economy of Lake Madison, SD employs 417 people. The largest industries in Lake Madison, SD are N/A, and the highest paying industries are Construction ($79,250), Health Care & Social Assistance ($70,833), and Manufacturing ($70,750).

Males in South Dakota have an average income that is 1.29 times higher than the average income of females, which is $52,552. The income inequality in South Dakota (measured using the Gini index) is 0.438, which is approximately the same as than the national average.

Employment

Occupations

417

2023 Value

± 116

−3.92%

1 Year decline

± 39.5%

From 2022 to 2023, employment in Lake Madison, SD declined at a rate of −3.92%, from 434 employees to 417 employees.

The most common job groups, by number of people living in Lake Madison, SD, are Sales & Related Occupations (111 people), Business & Financial Operations Occupations (64 people), and Management Occupations (48 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lake Madison, SD.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for undefined.

This chart shows weekly unemployment insurance claims in N/A (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

417

2023 Value

± 116

−3.92%

1 Year decline

± 39.5%

From 2022 to 2023, employment in Lake Madison, SD declined at a rate of −3.92%, from 434 employees to 417 employees.

The most common employment sectors for those who live in Lake Madison, SD, are N/A. This chart shows the share breakdown of the primary industries for residents of Lake Madison, SD, though some of these residents may live in Lake Madison, SD and work somewhere else. Census data is tagged to a residential address, not a work address.

Education

Completions

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Working Population

Educational Pyramid

Data is only available at the state level. Showing data for South Dakota.

Measure

In 2022, 0.574% of men over 25 years of age had not completed any academic degree (no schooling), while 0.482% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

Data is only available at the state level. Showing data for South Dakota.

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (206k), Some college (148k), and Bachelors Degree (133k).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Lake Madison, SD was $496,600 in 2023, which is NaNN times the same as the national average of N/A. Between 2022 and 2023 the median property value increased from $489,600 to $496,600, a 1.43% increase. The homeownership rate in Lake Madison, SD is 88.4%, which is approximately the same as the national average of N/A%.

Housing

Property

$496,600

Median Property Value 2023

±$137,995

N/A

Median Property Taxes

±N/A

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Lake Madison, SD the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Lake Madison, SD compared to it's parent and neighbor geographies.

Rent vs Own

88.4%

Homeownership

2023

72.6%

Homeowners with Mortgage

2023

In 2023, 88.4% of the housing units in Lake Madison, SD were occupied by their owner. This percentage declined from the previous year's rate of 91%.

This chart shows the percentage of owner in Lake Madison, SD compared it's parent and neighboring geographies.

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

The following map shows all of the places in Lake Madison, SD colored by their Median Household Income (N/A).

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Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$116,648

Median Household Income

± $14,289

423

Number of Households

± 102

In 2023, the median household income of the 423 households in Lake Madison, SD grew to $116,648 from the previous year's value of $114,250.

The following chart displays the households in Lake Madison, SD distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Lake Madison, SD is from South Dakota.

0.438

2022 Wage GINI in South Dakota

0.439

2021 Wage GINI in South Dakota

In 2022, the income inequality in South Dakota was 0.438 according to the GINI calculation of the wage distribution. Income inequality had a 0.26% decline from 2021 to 2022, which means that wage distribution grew somewhat more even. The GINI for South Dakota was approximately the same as than the national average of N/A. In other words, wages are distributed more evenly in South Dakota in comparison to the national average.

This chart shows the number of workers in South Dakota across various wage buckets compared to the national average.

Transportation

Commuter Transportation

In N/A, N/A% of workers in Lake Madison, SD N/A, followed by those who N/A (N/A%) and those who N/A (N/A%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

N/A minutes

Average Travel Time

Using averages, employees in Lake Madison, SD have a N/A commute time (N/A minutes) than the normal US worker (N/A minutes). Additionally, N/A% of the workforce in Lake Madison, SD have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Lake Madison, SD compares to that of it's neighboring and parent geographies.

Car Ownership

N/A

Average Number

The following chart displays the households in Lake Madison, SD distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Lake Madison, SD have N/A.

Poverty

Poverty & Diversity

N/A% of the population for whom poverty status is determined in Lake Madison, SD (N/A out of N/A people) live below the poverty line, a number that is approximately the same as the national average of N/A%. The largest demographic living in poverty are N/A N/A, followed by N/A N/A and then N/A N/A.

The most common racial or ethnic group living below the poverty line in Lake Madison, SD is N/A, followed by N/A and N/A.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

N/A
N/A
N/A
N/A
N/A
N/A

In N/A, N/A had the highest N/A in the nation, at N/A. N/A has the second highest (N/A), followed by N/A (N/A).

The following map shows the N/A by state over multiple years.

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Health

N/A% of the population of Lake Madison, SD has health coverage, with N/A% on employee plans, N/A% on Medicaid, N/A% on Medicare, N/A% on non-group plans, and N/A% on military or VA plans.

Primary care physicians in Lake County, SD see 1561 patients per year on average, which represents a 9.77% increase from the previous year (1422 patients). Compare this to dentists who see 2170 patients per year, and mental health providers who see 678 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Lake County, SD.

1,561 to 1

Patient to Primary Care Physician Ratio in Lake County, SD

Primary care physicians in Lake County, SD see an average of 1,561 patients per year. This represents a 9.77% increase from the previous year (1,422 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Lake County, SD in comparison to its neighboring geographies.

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 17.5% under 18 years, 5.88% between 18 and 34 years, 41.6% between 35 and 64 years, and 35% over 64 years.

By gender, of the total number of insured persons, 52.1% were men and 47.9% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

N/A%

Uninsured

N/A%

Employer Coverage

N/A%

Medicaid

N/A%

Medicare

N/A%

Non-Group

N/A%

Military or VA

Between N/A and N/A, the percent of uninsured citizens in Lake Madison, SD N/A by N/A from N/A% to N/A%.

The following chart shows how the percent of uninsured individuals in Lake Madison, SD changed over time compared with the percent of individuals enrolled in various types of health insurance.

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