Anderson, SD
Population 406 · South Dakota
About Anderson, SD
Anderson is a small community located in South Dakota with a population of 406 residents according to the latest US Census Bureau American Community Survey data. The median household income is $143,705 per year, which is 91% above the national median of $75,149. The median age of 50.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Anderson features a median home value of $372,300, which is 52% above the national median of $244,900. This places Anderson in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 137 total housing units, 88% are owner-occupied (120 units) and 12% are renter-occupied (17 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Anderson shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Anderson have an average one-way commute time of 18.6 minutes, one of the shorter commutes in the region.
Education & Demographics
54.6% of Anderson residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Anderson Ranks in South Dakota
Cost of Living in Anderson, SD
Compared to national averages, Anderson has a median household income of $143,705 (91% above the national median of $75,149). Home values average $372,300, which is 52% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within South Dakota, Anderson's income is 122% above the state average of $64,650, and home values are 159% above the state median of $143,757.
Why Live in Anderson, SD?
Anderson offers a strong local economy with a median household income of $143,705, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 54.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 18.6 minutes.
Potential considerations include a competitive housing market where the typical home costs $372,300. However, Anderson’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Anderson has a population of 406 with a median age of 50.6 years. Compare Anderson with other cities to see how it stacks up, or explore all cities in South Dakota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Anderson
What is the population of Anderson, SD?
The population of Anderson, SD is 406 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in South Dakota.
What is the median household income in Anderson?
The median household income in Anderson, SD is $143,705 per year, which is 91% above the national median of $75,149.
What is the median home value in Anderson?
The median home value in Anderson, SD is $372,300, which is 52% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Anderson?
The median monthly rent in Anderson, SD is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Anderson?
The unemployment rate in Anderson, SD is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Anderson, SD a good place to live?
Anderson offers above-average incomes, a competitive housing market, and a strong job market. With a population of 406 and a median age of 50.6, the city appeals to established professionals and retirees.
How educated is Anderson, SD?
54.6% of residents in Anderson aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Anderson?
Key cost-of-living indicators for Anderson, SD: median home value is $372,300 (52% above national), median rent is $0/month, and median household income is $143,705. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Anderson?
The poverty rate in Anderson, SD is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Anderson, SD?
Anderson's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.