McPherson County, South Dakota
Income Data
At a Glance
How McPherson County Compares
Detailed Income Statistics
Data Story
About Household Income in McPherson County, South Dakota
McPherson County income lags national average
McPherson County's median household income of $62,024 trails the national median of $74,755 by 17%, reflecting below-average earning capacity compared to the broader United States. Per capita income of $40,645 falls short of national standards, limiting purchasing power.
Below state average in household earnings
McPherson County's median household income of $62,024 ranks below the South Dakota state average of $66,926 by 7%, positioning it among the lower-earning counties statewide. The county's per capita income of $40,645 exceeds the state average of $35,667, however, suggesting some pockets of individual wealth.
McPherson County near bottom of regional earnings
At $62,024, McPherson County's median household income exceeds only Mellette County ($51,364) among regional peers, falling notably behind McCook ($80,847), Marshall ($72,500), and Miner ($72,589). The county faces economic headwinds compared to surrounding areas.
Low housing costs ease income pressure
McPherson County's rent-to-income ratio of 11.2% is among the most favorable in the region, keeping housing costs manageable despite modest household earnings. The median home value of just $78,400 is highly affordable, providing significant financial relief.
Maximize savings despite modest McPherson earnings
Low housing costs in McPherson County create opportunity to save aggressively; prioritize building an emergency fund covering 6 months of expenses first. Then pursue employer retirement plans and explore income-boosting opportunities like skill training or side ventures.
Frequently Asked Questions
What is the median household income in McPherson County, South Dakota?
How much do people earn in McPherson County?
How does McPherson County compare to the South Dakota average?
What is the per capita income in McPherson County, South Dakota?
Is McPherson County a low-income area in South Dakota?
How does McPherson County rank for income in South Dakota?
Income Comparison Calculator
See how your household income compares in McPherson County
Your income is above the McPherson County median
County median: $62,024 per year
vs. County Median
+0%
vs. State Average
-7%
vs. National Median
-17%
Income Adequacy
Your monthly income ($5,169) vs. median rent ($580/mo). A ratio of 3.3x or higher means rent is under 30% of income.
Grow Your Wealth
See how your income stacks up in McPherson County, South Dakota? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.
Start InvestingCounties with Similar Income Levels
Compare Financial Products in South Dakota
Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.
Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.