Lake Madison

Population: 885
Median household income: $116,648
Median home value: $496,600

Located in Lake County, South Dakota, Lake Madison is a community with a population of 885. The median household income of $116,648 is above the Lake County median ($73,792).

From 2019 to 2023, Lake Madison's population declined 1.1% from 895 to 885, while its median home value rose 37.8% from $360,400 to $496,600.

Households average 2.09 people. The median gross rent is $595.

Demographics

ACS 2019–2023

Population: 885
Median age: 61.3 yrs
Median household income: $116,648
Median home value: $496,600
Median gross rent: $595
Housing units: 886
Homeownership rate: 88.4%
Bachelor's degree or higher: 48.5%
Unemployment rate: 3.2%

Trends

ACS 5-year · 2019–2023

Population

895885

Median household income

$93,750$116,648

Median home value

$360,400$496,600

Median gross rent

$719$595

Year	Population	Median household income	Median home value	Median gross rent
2019	895	$93,750	$360,400	$719
2020	811	$97,961	$396,300	$665
2021	856	$102,222	$439,000	$720
2022	850	$114,250	$489,600	$840
2023	885	$116,648	$496,600	$595

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 50.0%

5 to 1717.3%

18 to 240.5%

25 to 345.6%

35 to 443.8%

45 to 549.3%

55 to 6428.5%

65 to 7427.0%

75 and over8.0%

	Count	Share
Under 5	0	0.0%
5 to 17	153	17.3%
18 to 24	4	0.5%
25 to 34	50	5.6%
35 to 44	34	3.8%
45 to 54	82	9.3%
55 to 64	252	28.5%
65 to 74	239	27.0%
75 and over	71	8.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	708	80.0%
Black or African American	0	0.0%
American Indian & Alaska Native	76	8.6%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	101	11.4%
Hispanic or Latino (any race)	0	0.0%

Educational attainment (age 25+)

No high school diploma0.4%

High school graduate32.7%

Some college or associate's18.4%

Bachelor's degree31.2%

Graduate or professional degree17.3%

	Count	Share
No high school diploma	3	0.4%
High school graduate	238	32.7%
Some college or associate's	134	18.4%
Bachelor's degree	227	31.2%
Graduate or professional degree	126	17.3%

Commute to work

Mean travel time to work: 26 min

Drove alone63.8%

Carpooled2.4%

Public transit0.0%

Walked2.2%

Bicycle0.0%

Worked from home27.6%

Other means4.1%

How workers get to work

	Count	Share
Drove alone	266	63.8%
Carpooled	10	2.4%
Public transit	0	0.0%
Walked	9	2.2%
Bicycle	0	0.0%
Worked from home	115	27.6%
Other means	17	4.1%

Travel time

	Count	Share
Under 15 min	134	44.4%
15 to 29 min	61	20.2%
30 to 44 min	23	7.6%
45 to 59 min	38	12.6%
60+ min	46	15.2%

Households

Average household size: 2.09
Poverty rate: 12.9% (114 of 885)

	Count	Share
Family households	305	72.1%
Nonfamily households	118	27.9%

Housing

Median year structure built: 1992

Occupancy

	Count	Share
Occupied	423	47.7%
Vacant	463	52.3%

Tenure (of occupied units)

	Count	Share
Owner-occupied	374	88.4%
Renter-occupied	49	11.6%

1-unit, detached69.1%

1-unit, attached6.7%

2 to 4 units0.9%

5 to 19 units3.7%

20 or more units0.0%

Mobile home & other19.6%

Units in structure

	Count	Share
1-unit, detached	612	69.1%
1-unit, attached	59	6.7%
2 to 4 units	8	0.9%
5 to 19 units	33	3.7%
20 or more units	0	0.0%
Mobile home & other	174	19.6%

Geography

Place GEOID: 4635430
Type (LSAD): 57
Land area: 4.72 sq mi
Water area: 4.38 sq mi
Center point: 43.9551, -97.0266