City Profile
Madison, South Dakota
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Madison, South Dakota, established in 1873, is a city with a rich history, named after Madison, Wisconsin. It is the county seat of Lake County and is situated in southeastern South Dakota, approximately 50 miles northwest of Sioux Falls. The city offers a blend of small-town charm and a youthful presence, partly due to being home to Dakota State University. This academic institution is a primary factor in the city's economy and contributes to its college-town vibe. Madison provides a generally peaceful environment with historic homes, community parks, and local amenities, making it an attractive place for families and those seeking a quieter lifestyle.
South Dakota, located in the upper Midwest, is characterized by its vast landscapes and a population density among the lowest in the U.S.. The state's economy is primarily driven by agriculture, including crop production and livestock, but also benefits from growing sectors like manufacturing, financial services, and tourism, with attractions such as Mount Rushmore. Living in South Dakota is generally affordable, with a cost of living approximately 8% lower than the national average and no state income tax. The climate features hot, humid summers and cold, snowy winters, and residents often enjoy a quieter, nature-centric lifestyle with abundant outdoor recreation opportunities.
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Madison, South Dakota, presents a cost of living that is generally lower than the national average. The average rent for a one-bedroom apartment is approximately $774 per month, significantly below the national average. This affordability extends to housing, with the median property value in Madison being $193,100 in 2024, which is considerably less than the national median. Overall, the cost of living in Madison is considered excellent, ranking better than many other areas.
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The economy of Madison, South Dakota, is supported by several key industries, with Educational Services, Retail Trade, and Health Care & Social Assistance being the largest employment sectors. Dakota State University is a significant economic driver, contributing to the job market and the city's overall economic activity. While employment in Madison saw a slight decline of -5.28% from 2023 to 2024, the city continues to offer opportunities, particularly in manufacturing, with companies like Manitou Group and Raven Industries. The average salary in Madison is around $65,000, which is plausible given the national GDP per capita.
The average salary in Madison is $65,593 per year. You would need approximately $30,960 to live comfortably.
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Getting around Madison, South Dakota, is primarily car-dependent, with an 'Exceptionally Drivable' score of 100/100. The average commute time is a short 11.4 minutes, and most residents drive alone to work. Public transportation is available through East Dakota Transit, which offers affordable and accessible services within the Madison area. While walkability is rated as 'Fairly Walkable' with a score of 50/100, indicating moderate walkability, the city is more geared towards vehicular travel.
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