Lake Madison, SD

Census Place

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2024 Population
936
US Senator
John Thune
Republican Party
US Senator
Mike Rounds
Republican Party
2024 Median Age
63.2
3.1% 1-year increase
2024 Poverty Rate
0.962%
92.5% 1-year decrease
2024 Median Household Income
$129,191
10.8% 1-year growth
2024 Median Property Value
$477,800
3.79% 1-year decline
2024 Employed Population
498
19.4% 1-year growth

About

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.

98.8% of the residents in Lake Madison, SD are U.S. citizens.

In 2024, the median property value in Lake Madison, SD was $477,800, and the homeownership rate was 90.9%.

Most people in Lake Madison, SD drove alone to work, and the average commute time was 17.1 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 936 people, from which 98.8% are citizens. As of 2024, 2.14% of Lake Madison, SD residents were born outside of the country (20 people).

In 2024, there were 13.2 times more White (Non-Hispanic) residents (832 people) in Lake Madison, SD than any other race or ethnicity. There were 63 American Indian & Alaska Native (Non-Hispanic) and 28 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

98.8%
2024 Citizenship
99%
2023 Citizenship

As of 2024, 98.8% of Lake Madison, SD residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Lake Madison, SD was 99%, meaning that the rate of citizenship has been decreasing.

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

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Lake Madison, SD
  1. White (Non-Hispanic)
    832 ± 170
  2. American Indian & Alaska Native (Non-Hispanic)
    63 ± 92
  3. Two Races Excluding Other, & Three or More Races (Non-Hispanic)
    28 ± 36

In 2024, there were 13.2 times more White (Non-Hispanic) residents (832 people) in Lake Madison, SD than any other race or ethnicity. There were 63 American Indian & Alaska Native (Non-Hispanic) and 28 Two Races Excluding Other, & Three or More Races (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.

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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.

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Foreign-Born Population

2.14%
2024 Foreign-Born Population
20 people
2.15%
2023 Foreign-Born Population
19 people

As of 2024, 2.14% of Lake Madison, SD residents (20 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Lake Madison, SD was 2.15%, 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.

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Military

Veterans

Most Common Service Period
  1. Vietnam
    42 ± 30
  2. Gulf War (1990s)
    10 ± 18

Lake Madison, SD has a large population of military personnel who served in Vietnam, 4.2 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Lake Madison, SD.

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Economy

The economy of Lake Madison, SD employs 498 people. In 2024, the largest industries in Lake Madison, SD were Utilities (97 people), Retail Trade (80 people), and Construction (62 people), and the highest paying industries were Educational Services ($175,250), Manufacturing ($161,250), and Construction ($112,679).

Employment

Occupations

498
2024 Value
± 133
19.4%
1 Year growth
± 32.3%

From 2023 to 2024, employment in Lake Madison, SD grew at a rate of 19.4%, from 417 employees to 498 employees.

The most common job groups, by number of people living in Lake Madison, SD, are Sales & Related Occupations (114 people), Management Occupations (61 people), and Business & Financial Operations Occupations (52 people). This chart illustrates the share breakdown of the primary jobs held by residents of Lake Madison, SD.

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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.

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Industries

Employment by Industries

498
2024 Value
± 133
19.4%
1 Year growth
± 32.3%

From 2023 to 2024, employment in Lake Madison, SD grew at a rate of 19.4%, from 417 employees to 498 employees.

The most common employment sectors for those who live in Lake Madison, SD, are Utilities (97 people), Retail Trade (80 people), and Construction (62 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.

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Median Earnings by Industry

$94,005
Median earning men ± $20,961
$37,344
Median earning women ± $9,936

The industries with the best median earnings for men in 2024 are Educational Services, & Health Care & Social Assistance ($237,639), Construction ($113,705), and Transportation & Warehousing, & Utilities ($93,954).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($38,864), Retail Trade ($31,705), and Finance & Insurance, & Real Estate & Rental & Leasing ($25,000).

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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.

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Housing & Living

The median property value in Lake Madison, SD was $477,800 in 2024, which is 1.44 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $496,600 to $477,800, a 3.79% decrease. The homeownership rate in Lake Madison, SD is 90.9%, which is higher than the national average of 65.2%.

People in Lake Madison, SD have an average commute time of 17.1 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

$477,800
Median Property Value 2024
±$73,199
$441
Median Property Taxes
±$106

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.

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Rent vs Own

90.9%
Homeownership
2024
68.1%
Homeowners with Mortgage
2024

In 2024, 90.9% of the housing units in Lake Madison, SD were occupied by their owner. This percentage grew from the previous year's rate of 88.4%.

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

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Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$129,191
Median Household Income
± $49,280
485
Number of Households
± 116

In 2024, the median household income of the 485 households in Lake Madison, SD grew to $129,191 from the previous year's value of $116,648.

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.

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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.

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (62.6%)
  2. Worked At Home (32.2%)
  3. Carpooled (2.26%)

In 2024, 62.6% of workers in Lake Madison, SD drove alone to work, followed by those who worked at home (32.2%) and those who carpooled to work (2.26%).

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.

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Commute Time

17.1 minutes
Average Travel Time

Using averages, employees in Lake Madison, SD have a shorter commute time (17.1 minutes) than the normal US worker (26.4 minutes). Additionally, 0% 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.

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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.

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Poverty

Poverty & Diversity

0.962% of the population for whom poverty status is determined in Lake Madison, SD (9 out of 936 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 55 - 64, followed by Females 75+ and then Females 65 - 74.

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

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.

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Health

99% of the population of Lake Madison, SD has health coverage, with 41.9% on employee plans, 7.91% on Medicaid, 27.1% on Medicare, 18.4% on non-group plans, and 3.74% on military or VA plans.

Primary care physicians in South Dakota see 1,252 patients per year on average, which represents a 0% change from the previous year (1,252 patients). Compare this to dentists who see 1561 patients per year, and mental health providers who see 409 patients per year.

By gender, of the total number of insured persons, 55.9% were men and 44.1% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 10.7% under 18 years, 12.6% between 18 and 34 years, 38.9% between 35 and 64 years, and 37.8% over 64 years.

By gender, of the total number of insured persons, 55.9% were men and 44.1% were women.

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

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Uninsured People

0.962%
Uninsured
41.9%
Employer Coverage
7.91%
Medicaid
27.1%
Medicare
18.4%
Non-Group
3.74%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Lake Madison, SD declined by 49.9% from 1.92% to 0.962%.

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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