Lake County, South Dakota

Income Data

+10% vs. South Dakota average
$73,792
Median Household Income
$43,820
Per Capita Income

At a Glance

Median Household Income
$73,792
+10% vs. state avg
Per Capita Income
$43,820
+11% vs. national
Income-to-Housing Ratio
31.9%
income as % of home value
Rank in South Dakota
#24 / 66
by median household income

How Lake County Compares

Lake County$73,792
South Dakota Average$66,926
National Median$74,755

Detailed Income Statistics

$73,792
Median Household Income
$43,820
Per Capita Income
$231,000
Median Home Value
31.9%
Income-to-Housing Ratio

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

What is the median household income in Lake County, South Dakota?
The median household income in Lake County, South Dakota is $73,792, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Lake County?
The per capita income in Lake County is $43,820, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $73,792.
How does Lake County compare to the South Dakota average?
Lake County's median household income of $73,792 is higher than the South Dakota state average of $66,926. The per capita income is $43,820, compared to the state average of $35,667.
What is the per capita income in Lake County, South Dakota?
The per capita income in Lake County, South Dakota is $43,820, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Lake County income higher than the South Dakota average?
Lake County's median household income of $73,792 is higher than the South Dakota average of $66,926. This difference of $6,866 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Lake County rank for income in South Dakota?
Lake County ranks #24 out of 66 counties in South Dakota by median household income (1 = highest). With a median household income of $73,792 and per capita income of $43,820, it falls in the middle third of counties statewide.

Income Comparison Calculator

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County median: $73,792 per year

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vs. State Average

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Income Adequacy

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.