Lake Madison, SD

Census Place

Add Comparison
2023 Population
885
4.12% 1-year growth
US Senator
John Thune
Republican Party
US Senator
Mike Rounds
Republican Party
2023 Median Age
61.3
0.648% 1-year decrease
2023 Poverty Rate
12.9%
204% 1-year increase
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 2023, Lake Madison, SD had a population of 885 people with a median age of 61.3 and a median household income of $116,648. Between 2022 and 2023 the population of Lake Madison, SD grew from 850 to 885, a 4.12% increase and its median household income grew from $114,250 to $116,648, a 2.1% increase.

The 5 largest ethnic groups in Lake Madison, SD are White (Non-Hispanic) (80%), Two Races Excluding Other, & Three or More Races (Non-Hispanic) (9.72%), American Indian & Alaska Native (Non-Hispanic) (8.59%), Two Races Including Other (Non-Hispanic) (1.69%), and Black or African American (Non-Hispanic) (0%).

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.

99% of the residents in Lake Madison, SD are U.S. citizens.

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

Most people in Lake Madison, SD drove alone to work, and the average commute time was 25.6 minutes. The average car ownership in Lake Madison, SD was 2 cars per household.

United StatesSouth DakotaLake County, SDJackrabbit Region PUMA, SD

Population & Diversity

Lake Madison, SD is home to a population of 885 people, from which 99% are citizens. As of 2023, 2.15% of Lake Madison, SD residents were born outside of the country (19 people).

In 2023, there were 8.23 times more White (Non-Hispanic) residents (708 people) in Lake Madison, SD than any other race or ethnicity. There were 86 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 76 American Indian & Alaska Native (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99%
2023 Citizenship
98.1%
2022 Citizenship

As of 2023, 99% of Lake Madison, SD residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Lake Madison, SD was 98.1%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Lake Madison, SD compared to that of it's neighboring and parent geographies.

View Data
Save Image

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lake Madison, SD
  1. White (Non-Hispanic)
    708 ± 141
  2. Two Races Excluding Other, & Three or More Races (Non-Hispanic)
    86 ± 77
  3. American Indian & Alaska Native (Non-Hispanic)
    76 ± 108

In 2023, there were 8.23 times more White (Non-Hispanic) residents (708 people) in Lake Madison, SD than any other race or ethnicity. There were 86 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 76 American Indian & Alaska Native (Non-Hispanic) residents, the second and third most common ethnic groups.

The following chart shows the 8 races represented in Lake Madison, SD as a share of the total population.

View Data
Save Image

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for South Dakota.
Most Common Origin
  1. Mexico
    3,626 ± 1,475 people
  2. Guatemala
    2,932 ± 1,327 people
  3. Ethiopia
    2,627 ± 1,257 people

In 2023, the most common birthplace for the foreign-born residents of South Dakota was Mexico, the natal country of 3,626 South Dakota residents, followed by Guatemala with 2,932 and Ethiopia with 2,627.

View Data
Save Image

Foreign-Born Population

2.15%
2023 Foreign-Born Population
19 people
4%
2022 Foreign-Born Population
34 people

As of 2023, 2.15% of Lake Madison, SD residents (19 people) were born outside of the United States, which is approximately the same as the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Lake Madison, SD was 4%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Lake Madison, SD compared to that of it's neighboring and parent geographies.

View Data
Save Image

Military

Veterans

Most Common Service Period
  1. Vietnam
    32 ± 28
  2. Gulf War (1990s)
    13 ± 21
  3. Korea
    0 ± 14

Lake Madison, SD has a large population of military personnel who served in Vietnam, 2.46 times greater than any other conflict.

View Data
Save Image

Economy

The economy of Lake Madison, SD employs 417 people. In 2023, the largest industries in Lake Madison, SD were Retail Trade (97 people), Finance & Insurance (61 people), and Construction (55 people), and the highest paying industries were Construction ($79,250), Health Care & Social Assistance ($70,833), and Manufacturing ($70,750).

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.

View Data
Save Image

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in South Dakota (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.

View Data
Save Image

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 Retail Trade (97 people), Finance & Insurance (61 people), and Construction (55 people). 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.

View Data
Save Image

Median Earnings by Industry

$54,688
Median earning men ± $61,295
$32,500
Median earning women ± $8,426

The industries with the best median earnings for men in 2023 are Educational Services, & Health Care & Social Assistance ($230,375), Construction ($111,029), and Manufacturing ($70,250).

The industries with the best median earnings for women in 2023 are Finance & Insurance, & Real Estate & Rental & Leasing ($38,036), Educational Services, & Health Care & Social Assistance ($31,875), and Retail Trade ($31,645).

View Data
Save Image

Employment by Industry Sector

Data is only available at the state level. Showing data for South Dakota.
Y-Axis
2.37%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 450k people employed in South Dakota. This represents a 2.37% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 8.96%.

The following chart shows monthly employment numbers for each industry sector in South Dakota.

View Data
Save Image

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.

View Data
Save Image
View Data
Save Image

Working Population

Educational Pyramid

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

In 2023, 0.64% of men over 25 years of age had not completed any academic degree (no schooling), while 0.58% of women were in the same situation.

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

View Data
Save Image

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 2023 were High School or Equivalent (205k), Some college (147k), and Bachelors Degree (137k).

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.

View Data
Save Image

Housing & Living

The median property value in Lake Madison, SD was $496,600 in 2023, which is 1.64 times larger than the national average of $303,400. 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 higher than the national average of 65%.

People in Lake Madison, SD have an average commute time of 25.6 minutes, and they drove alone to work. Car ownership in Lake Madison, SD is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$496,600
Median Property Value 2023
±$137,995
$374
Median Property Taxes
±$82

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.

View Data
Save Image
View Data
Save Image

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.

View Data
Save Image

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.
Race/Ethnicity

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

View Data
Save Image

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.

View Data
Save Image

Wage Distribution

The closest comparable wage GINI for Lake Madison, SD is from South Dakota.
0.443
2023 Wage GINI in South Dakota
0.438
2022 Wage GINI in South Dakota

In 2023, the income inequality in South Dakota was 0.443 according to the GINI calculation of the wage distribution. Income inequality had a 1.14% growth from 2022 to 2023, which means that wage distribution grew somewhat less even. The GINI for South Dakota was lower than than the national average of 0.476. 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.

View Data
Save Image

Transportation

Commuter Transportation

Most Common Commute in 2023
  1. Drove Alone (63.8%)
  2. Worked At Home (27.6%)
  3. Other (4.08%)

In 2023, 63.8% of workers in Lake Madison, SD drove alone to work, followed by those who worked at home (27.6%) and those who used some unspecified means to get work (4.08%).

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.

View Data
Save Image

Commute Time

25.6 minutes
Average Travel Time

Using averages, employees in Lake Madison, SD have a shorter commute time (25.6 minutes) than the normal US worker (26.6 minutes). Additionally, 2.98% 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.

View Data
Save Image
View Data
Save Image

Car Ownership

2 cars
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 2 cars.

View Data
Save Image

Poverty

Poverty & Diversity

12.9% of the population for whom poverty status is determined in Lake Madison, SD (114 out of 885 people) live below the poverty line, a number that is higher than the national average of 12.4%. The largest demographic living in poverty are Females 12 - 14, followed by Males 12 - 14 and then Males 6 - 11.

The most common racial or ethnic group living below the poverty line in Lake Madison, SD is Two Or More, followed by White and Black.

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.

View Data
Save Image

Health

98.1% of the population of Lake Madison, SD has health coverage, with 33.2% on employee plans, 14.5% on Medicaid, 28.5% on Medicare, 17.9% on non-group plans, and 4.07% on military or VA plans.

Primary care physicians in South Dakota see 1,252 patients per year on average, which represents a 0.724% increase from the previous year (1,243 patients). Compare this to dentists who see 1561 patients per year, and mental health providers who see 441 patients per year.

By gender, of the total number of insured persons, 51.9% were men and 48.1% were women.

Coverage

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, 51.9% were men and 48.1% were women.

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

View Data
Save Image

Uninsured People

1.92%
Uninsured
33.2%
Employer Coverage
14.5%
Medicaid
28.5%
Medicare
17.9%
Non-Group
4.07%
Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Lake Madison, SD declined by 9.29% from 2.12% to 1.92%.

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.

View Data
Save Image