Madison, SD
6,094Residents
$65,593Median household income
$981/moMedian gross rent
$193,100Median home value
40.1Median age
34%Adults with a bachelor’s degree or higher
60%Homes lived in by their owners
2.9×Home value to household income
Median rent takes about 18% of the median household income in Madison.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $39,000 a year. In South Dakota that leaves roughly $2,793 a month after tax. See the full paycheck breakdown for $40,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.