McPherson County, South Dakota

Income Data

-7% vs. South Dakota average
$62,024
Median Household Income
$40,645
Per Capita Income

At a Glance

Median Household Income
$62,024
-7% vs. state avg
Per Capita Income
$40,645
+3% vs. national
Income-to-Housing Ratio
79.1%
income as % of home value
Rank in South Dakota
#48 / 66
by median household income

How McPherson County Compares

McPherson County$62,024
South Dakota Average$66,926
National Median$74,755

Detailed Income Statistics

$62,024
Median Household Income
$40,645
Per Capita Income
$78,400
Median Home Value
79.1%
Income-to-Housing Ratio

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?
The median household income in McPherson County, South Dakota is $62,024, 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 McPherson County?
The per capita income in McPherson County is $40,645, 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 $62,024.
How does McPherson County compare to the South Dakota average?
McPherson County's median household income of $62,024 is lower than the South Dakota state average of $66,926. The per capita income is $40,645, compared to the state average of $35,667.
What is the per capita income in McPherson County, South Dakota?
The per capita income in McPherson County, South Dakota is $40,645, 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.
Is McPherson County a low-income area in South Dakota?
McPherson County's median household income of $62,024 is below the South Dakota average of $66,926. The per capita income of $40,645 is also comparable to the state average of $35,667. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does McPherson County rank for income in South Dakota?
McPherson County ranks #48 out of 66 counties in South Dakota by median household income (1 = highest). With a median household income of $62,024 and per capita income of $40,645, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in McPherson County

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Your income is above the McPherson County median

County median: $62,024 per year

vs. County Median

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vs. State Average

-7%

vs. National Median

-17%

vs. McPherson County MedianAbout equal
vs. South Dakota Average7% below
vs. National Median17% below

Income Adequacy

Monthly income covers median rent8.9x

Your monthly income ($5,169) vs. median rent ($580/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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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.