Lake County, South Dakota
Income Data
At a Glance
How Lake County Compares
Detailed Income Statistics
Data Story
About Household Income in Lake County, South Dakota
Lake nearly matches national income
Lake County's median household income of $73,792 sits just 1% below the national median of $74,755, placing it squarely in the American middle class. This near-perfect alignment suggests a balanced, nationally-competitive economy.
Strong performer within South Dakota
Lake County's $73,792 median income exceeds South Dakota's state average of $66,926 by 10%, ranking it among the state's better-earning counties. Per capita income of $43,820 outpaces the state average of $35,667 by 23%.
Competitive with peers regionally
Lake County's income clusters with Hutchinson ($74,459), Hyde ($74,279), and Jerauld ($75,417), indicating a prosperous corridor in central South Dakota. This peer group significantly outearns more rural counties like Jones and Jackson.
Higher home values challenge affordability
Lake County's rent-to-income ratio of 14.1% is manageable but elevated compared to county leaders, reflecting a median home value of $231,000—the highest among these counties. This suggests homeownership requires substantial down payments and stable employment.
Leverage Lake County's prosperity
With national-level income and strong per capita earnings, Lake County residents are positioned for substantial wealth accumulation despite higher housing costs. Consider real estate appreciation as a long-term investment strategy, and explore tax-advantaged investment accounts to offset property-heavy portfolios.
Frequently Asked Questions
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County median: $73,792 per year
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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.