HomeSouth Dakota › Madison

Madison, South Dakota

city · Lake County

At a glance

6,094
Population
$193,100
Median home value (all homes)
36% below U.S. median
$269,544
Typical market value
Zillow, 2026-07
$981/mo
Median rent
27% below U.S. median
$65,593
Median household income
16% below U.S. median
11.4 min
Average commute
86%
Homes with broadband
26.63%
Locations with fiber available
4.4%
Unemployment

Cost of living (Clay Affordability Index)

CAI 84 — 16% below the national average. how it's computed

Housing19% below
Goods & services6% below
Utilities2% below
Taxes68% below
Insurance12% below
Commute cost59% below
For business: South Dakota is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Colleges in town:
Dakota State University Graduate degrees
Nearest 4-year college0 mi
Nearest community college34 mi
Nearest technical college36 mi
High school graduates92.8%
College graduates34.3%

Doing business here

Economic development contacts, most local first:

city Lake Area Improvement Corp
The Madison Area Development Corporation (MADC) is a nonprofit organization focused on supporting economic development in Lake County, South Dakota. It connects businesses with the information, resources, and local insight they need when considering expansion or relocation, including workforce data, available sites, and relevant programs.
state South Dakota Rural Enterprise
Dakota Resources is an intermediary serving rural economic development organizations (EDOs), providing flexible financing, leadership coaching, collaborative networks, and real-time resources to strengthen EDOs and rural communities.
state South Dakota's Governor's Office of Eco Dev
GOED provides financing, research, networking, and other resources to help new and existing businesses flourish in South Dakota.
State sales taxYes
State income taxNone
Right-to-work stateYes

Similar towns nearby

Wentworth, SD 7 mi · pop 138 · $83k
Ramona, SD 9 mi · pop 538 · $86k
Brant Lake, SD 10 mi · pop 63 · $455k
Nunda, SD 12 mi · pop 40 · $119k
Colman, SD 15 mi · pop 948 · $236k