Faulk County, South Dakota
Income Data
At a Glance
How Faulk County Compares
Detailed Income Statistics
Data Story
About Household Income in Faulk County, South Dakota
Faulk County faces national income gap
Faulk County's median household income of $58,000 falls $16,755 below the national median of $74,755, placing it among the lower-income counties nationally. This significant gap reflects limited high-wage employment opportunities and an economy dependent on agriculture and seasonal work.
Faulk ranks in South Dakota's bottom tier
At $58,000, Faulk County trails South Dakota's state average of $66,926 by over $8,900, ranking it in the lower quartile of the state's 66 counties. The per capita income of $36,556 aligns with state average, indicating that income is reasonably distributed despite overall lower household earnings.
Faulk among the region's lowest earners
Faulk County's $58,000 median household income ranks second-lowest in the region, exceeding only Dewey County ($57,928) while trailing all other comparable counties. The earnings gap versus high-performing peers like Deuel ($79,556) exceeds $21,000, underscoring significant economic challenges.
Housing remains affordable despite low income
Faulk County's rent-to-income ratio of 14.3% provides reasonable affordability, though the underlying income level limits overall financial flexibility. The median home value of $124,100 is among the region's lowest, supporting homeownership access but offering limited appreciation potential for wealth building.
Build economic resilience in Faulk County
Faulk County households should invest in education and skills training to increase earning potential and narrow the income gap with regional peers and national standards. Establish a solid financial foundation through budgeting and emergency savings, then explore career advancement, entrepreneurship, or relocation opportunities to unlock higher income potential.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Faulk County
Your income is above the Faulk County median
County median: $58,000 per year
vs. County Median
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vs. State Average
-13%
vs. National Median
-22%
Income Adequacy
Your monthly income ($4,833) vs. median rent ($692/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.