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ZipNumbers

South Dakota · Census place 40220

Madison city, SD

Quick answer

Madison city has 6,158 residents, ranking #18 of 485 places in South Dakota. Median household income is $62,180, the median home is worth $191,400 and median gross rent runs $874 a month.

Population
6,158Madison city residents
Median household income
$62,180Past 12 months, inflation adjusted
Median home value
$191,400Owner-occupied units
Median gross rent
$874Rent plus utilities, monthly
Median age
39.6 yrsAll residents
Homeownership rate
55.9%Owner-occupied households

What the numbers mean in Madison city

Housing cost measured against local earnings.

A household earning the Madison city median would spend about 16.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.2% of residents and 55.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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