Haakon County, South Dakota
Income Data
At a Glance
How Haakon County Compares
Detailed Income Statistics
Data Story
About Household Income in Haakon County, South Dakota
Haakon County income lags nation
Haakon County's median household income of $59,231 sits 20.8% below the national median of $74,755, reflecting a moderate income gap relative to the U.S. average. Per capita income of $35,643 also trails national figures by roughly 7%.
Below-average South Dakota county
Haakon County's median household income falls $7,695 below South Dakota's state average of $66,926, placing it in the lower-middle tier of the state's counties. Per capita income slightly trails the state average, indicating limited wealth concentration.
Middle ground among peer counties
Haakon County ($59,231) earns more than Gregory County ($52,432) but less than Grant ($73,818), Hamlin ($83,194), and Hanson ($86,375) counties. This positions it as a moderate-income area within its regional context.
Housing costs strain modest budgets
Haakon County's rent-to-income ratio of 13.9% approaches the 30% affordability threshold, consuming a meaningful share of household income. Combined with below-state-average income, this suggests limited surplus for savings or major financial goals.
Focus on income growth and savings
Haakon County residents benefit from pursuing career advancement, professional certifications, or skill development to increase earning power. Start small with emergency savings and explore low-cost investment vehicles like employer retirement plans to build long-term wealth.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Haakon County
Your income is above the Haakon County median
County median: $59,231 per year
vs. County Median
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vs. State Average
-11%
vs. National Median
-21%
Income Adequacy
Your monthly income ($4,936) vs. median rent ($688/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.