Pennington County, South Dakota
Income Data
At a Glance
How Pennington County Compares
Detailed Income Statistics
Data Story
About Household Income in Pennington County, South Dakota
Pennington slightly trails national norm
Pennington County's median household income of $70,768 falls $3,987 short of the national median of $74,755. While below the U.S. average, the county still ranks within the middle tier nationwide, reflecting its role as a mixed urban-rural region.
Third-highest income in state
Pennington County ranks third among South Dakota counties with a median household income of $70,768, exceeding the state average of $66,926 by 5.8%. The county benefits from Rapid City's diverse economy and tourism industry.
Competitive with regional peers
Pennington's $70,768 income lags Moody County ($77,500) and Minnehaha County ($76,074), but exceeds Potter County ($71,726) and Roberts County ($63,691). The county holds a middle position in the state's income hierarchy.
Housing costs run higher here
A rent-to-income ratio of 18.1% places housing costs near the affordability ceiling, with homes averaging $270,400—among the state's priciest. Pennington households must carefully budget to balance homeownership with other financial goals.
Manage housing costs strategically
With housing consuming nearly one-fifth of income, Pennington residents should prioritize debt reduction and build emergency reserves before investing aggressively. Consider working with a financial planner to optimize your mortgage strategy and explore ways to increase household earnings.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $70,768 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.