Chancellor, SD
Population 365 · South Dakota
About Chancellor, SD
Chancellor is a small community located in South Dakota with a population of 365 residents according to the latest US Census Bureau American Community Survey data. The median household income is $64,750 per year, which is 14% below the national median of $75,149. The median age of 28.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Chancellor features a median home value of $137,500, which is 44% below the national median of $244,900. This makes Chancellor one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $650, 44% below the national average of $1,163/month. Of the 131 total housing units, 69% are owner-occupied (91 units) and 31% are renter-occupied (40 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chancellor shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Chancellor have an average one-way commute time of 29 minutes.
Education & Demographics
17.8% of Chancellor residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 3.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.8% of the population being foreign-born.
Cost of Living in Chancellor, SD
Compared to national averages, Chancellor has a median household income of $64,750 (14% below the national median of $75,149). Home values average $137,500, which is 44% below the national median. Monthly rent at $650 is 44% below the US average of $1,163. Within South Dakota, Chancellor's income is 0% above the state average of $64,650, and home values are 4% below the state median of $143,757.
Why Live in Chancellor, SD?
Chancellor offers affordable housing with a median home value of $137,500, below the US average of $244,900, and rent that’s lower than the national average at $650/month, and a strong job market with an unemployment rate of just 2.9%. Additionally, the city features a low poverty rate of 9.1%, better than the national average.
Potential considerations include median household income ($64,750) that falls below the national average. However, Chancellor’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chancellor has a population of 365 with a median age of 28.6 years. Compare Chancellor 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 Chancellor
What is the population of Chancellor, SD?
The population of Chancellor, SD is 365 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 Chancellor?
The median household income in Chancellor, SD is $64,750 per year, which is 14% below the national median of $75,149.
What is the median home value in Chancellor?
The median home value in Chancellor, SD is $137,500, which is 44% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chancellor?
The median monthly rent in Chancellor, SD is $650, which is 44% below the national average of $1,163/month.
What is the unemployment rate in Chancellor?
The unemployment rate in Chancellor, SD is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Chancellor, SD a good place to live?
Chancellor offers a moderate cost of living, affordable housing, and a strong job market. With a population of 365 and a median age of 28.6, the city appeals to young professionals and families.
How educated is Chancellor, SD?
17.8% of residents in Chancellor aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Chancellor?
Key cost-of-living indicators for Chancellor, SD: median home value is $137,500 (44% below national), median rent is $650/month, and median household income is $64,750. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Chancellor?
The poverty rate in Chancellor, SD is 9.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Chancellor, SD?
Chancellor's population is 0.0% White, 3.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.8% two or more races. 3.8% of residents are foreign-born.