Lyman County, South Dakota
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Lyman County Compares
Detailed Income Statistics
Income Advisory: Lyman County
Income Verdict
Lyman County has a median household income of $61,169 and per capita income of $29,144 — a gap of $32,025, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $603/month and a median household income of $61,169, rent consumes approximately 11.8% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $61,169, residents of Lyman County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $29,144 suggests below-average individual earnings, which may reflect local employment mix or industrial composition.
Neighbor Context
Lyman County earns approximately 8.6% below the South Dakota state median household income of $66,926.
Data Story
About Household Income in Lyman County, South Dakota
Lyman County trails national income standards
Lyman County's median household income of $61,169 falls 18% below the national median of $74,755, reflecting economic challenges common in rural South Dakota. Per capita income of $29,144 lags the national standard, limiting household purchasing power.
Below-average earnings within South Dakota
Lyman County's median household income ranks in the lower half of South Dakota counties, sitting 8% below the state average of $66,926. The county's per capita income of $29,144 trails the state average by 18%, indicating limited individual earning capacity.
Lyman County earns less than most regional peers
At $61,169, Lyman County's median household income falls below neighbors like Marshall ($72,500), McCook ($80,847), and Miner ($72,589), though it exceeds Mellette ($51,364). The gap reflects fewer high-wage employment opportunities in the immediate region.
Affordable housing eases income constraints
Lyman County's rent-to-income ratio of 11.8% is among the lowest in the region, meaning housing costs consume a manageable share of household earnings. The median home value of $156,500 aligns well with local incomes, providing stability despite modest wages.
Start small, build steady with Lyman County resources
Even modest incomes can grow through disciplined saving and low-cost investing; Lyman County residents should prioritize emergency funds before investing. Look into employer retirement plans and community development programs that can amplify your earning and saving potential.
Frequently Asked Questions
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Income Comparison Calculator
See how your household income compares in Lyman County
Your income is above the Lyman County median
County median: $61,169 per year
vs. County Median
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vs. State Average
-9%
vs. National Median
-18%
Income Adequacy
Your monthly income ($5,097) vs. median rent ($603/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.