Lake Madison vs Madison

A side-by-side comparison of Lake Madison and Madison: population, income, housing, and more.

Lake Madison and Madison are places in South Dakota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Madison has the higher population (6,158 vs 885 in Lake Madison). Lake Madison has the higher median household income ($116,648 vs $62,180 in Madison). Lake Madison has the higher median home value ($496,600 vs $191,400 in Madison).

Population, income & housing

	Lake Madison	Madison
Population	885	6,158
Median age	61.3 yrs	39.6 yrs
Median household income	$116,648	$62,180
Median home value	$496,600	$191,400
Median gross rent	$595	$874
Housing units	886	2,878
Homeownership rate	88.4%	55.9%
Bachelor's degree or higher	48.5%	35.7%
Unemployment rate	3.2%	3.1%

Trends (ACS 5-year, 2019–2023)

	Lake Madison	Madison
Population	895 → 885 (-1.1%)	7,261 → 6,158 (-15.2%)
Median household income	$93,750 → $116,648 (+24.4%)	$55,096 → $62,180 (+12.9%)
Median home value	$360,400 → $496,600 (+37.8%)	$123,900 → $191,400 (+54.5%)
Median gross rent	$719 → $595 (-17.2%)	$564 → $874 (+55.0%)

Lake Madison

Population

895885

Median household income

$93,750$116,648

Median home value

$360,400$496,600

Median gross rent

$719$595

Madison

Population

7,2616,158

Median household income

$55,096$62,180

Median home value

$123,900$191,400

Median gross rent

$564$874

Age & race/ethnicity

Age distribution (share)

	Lake Madison	Madison
Under 5	0.0%	5.3%
5 to 17	17.3%	14.7%
18 to 24	0.5%	15.1%
25 to 34	5.6%	12.4%
35 to 44	3.8%	10.1%
45 to 54	9.3%	7.4%
55 to 64	28.5%	12.8%
65 to 74	27.0%	13.9%
75 and over	8.0%	8.5%

Race & ethnicity (share)

	Lake Madison	Madison
White (non-Hispanic)	80.0%	92.4%
Black or African American	0.0%	0.9%
American Indian & Alaska Native	8.6%	0.4%
Asian	0.0%	0.4%
Native Hawaiian & Pacific Islander	0.0%	0.1%
Some other race	0.0%	0.0%
Two or more races	11.4%	0.5%
Hispanic or Latino	0.0%	5.3%

Educational attainment (age 25+)

Share of adults 25+

	Lake Madison	Madison
No high school diploma	0.4%	6.7%
High school graduate	32.7%	24.0%
Some college or associate's	18.4%	33.6%
Bachelor's degree	31.2%	26.0%
Graduate or professional degree	17.3%	9.7%

Commute to work

How workers get to work (share)

	Lake Madison	Madison
Drove alone	63.8%	79.5%
Carpooled	2.4%	4.5%
Public transit	0.0%	2.3%
Walked	2.2%	6.5%
Bicycle	0.0%	0.0%
Worked from home	27.6%	5.9%
Other means	4.1%	1.3%

Housing

Units in structure (share)

	Lake Madison	Madison
1-unit, detached	69.1%	61.5%
1-unit, attached	6.7%	1.8%
2 to 4 units	0.9%	8.3%
5 to 19 units	3.7%	13.2%
20 or more units	0.0%	9.4%
Mobile home & other	19.6%	5.8%

Poverty & households

	Lake Madison	Madison
Poverty rate	12.9%	11.2%
Average household size	2.09	2.23
Mean commute (minutes)	26	12
Median year structure built	1992	1969