Lake Madison, SD
936Residents
$129,191Median household income
$867/moMedian gross rent
$477,800Median home value
63.2Median age
49%Adults with a bachelor’s degree or higher
91%Homes lived in by their owners
3.7×Home value to household income
Median rent takes about 8% of the median household income in Lake Madison.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $35,000 a year. In South Dakota that leaves roughly $2,525 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.