Clay County, South Dakota
Income Data
At a Glance
How Clay County Compares
Detailed Income Statistics
Data Story
About Household Income in Clay County, South Dakota
Clay County income significantly below national
Clay County's median household income of $58,794 lags the U.S. median of $74,755 by $15,961, a substantial 21.4% deficit that positions Clay among the nation's lower-income counties. The per capita income of $29,412 further underscores limited individual earning potential across the population. Despite these income challenges, Clay's home values suggest investors and long-term residents continue investing in the community.
Clay ranks lowest among South Dakota peers
At $58,794, Clay County's median household income falls $8,132 below South Dakota's state average of $66,926, placing it in the lowest quartile statewide. Its per capita income of $29,412 also significantly underperforms the state average of $35,667, indicating sparse high-wage employment. Clay's economic position reflects agriculture-based economy with limited diversification into higher-paying sectors.
Clay faces steepest income challenges
Clay County's $58,794 median household income ranks lowest among its surveyed neighbors, trailing even Clark ($62,885), Charles Mix ($64,850), and Campbell ($65,000). With per capita income of $29,412, Clay also underperforms all regional peers, suggesting acute workforce challenges or wage stagnation. Geographic proximity to larger economic centers may offer residents expansion opportunities beyond the county.
Housing strains limited household budgets
Clay County's rent-to-income ratio of 15.0% sits exactly at the affordability threshold, indicating housing costs consume substantial household income for median earners. With median home values of $221,800—the highest among its peers relative to income—prospective homebuyers face real affordability challenges. Renters enjoy more flexibility, though overall tight budgets leave limited margin for savings or emergencies.
Build resilience before investing
Clay County households should prioritize building emergency reserves and reducing debt before pursuing investment strategies, given tight household budgets and limited income growth. Focus on free or low-cost wealth-building tools like employer matches on 401(k)s or savings accounts that earn competitive interest. Consider consulting community development financial institutions or nonprofit advisors who understand rural income challenges and provide accessible guidance.
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Your income is above the Clay County median
County median: $58,794 per year
vs. County Median
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vs. State Average
-12%
vs. National Median
-21%
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Your monthly income ($4,900) vs. median rent ($736/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.