Faulkton, SD
Population 627 · South Dakota
About Faulkton, SD
Faulkton is a small community located in South Dakota with a population of 627 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,672 per year, which is 9% below the national median of $75,149. The median age of 37.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Faulkton features a median home value of $100,000, which is 59% below the national median of $244,900. This makes Faulkton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $860, 26% below the national average of $1,163/month. Of the 369 total housing units, 66% are owner-occupied (172 units) and 34% are renter-occupied (87 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Faulkton shows an unemployment rate of 11.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Faulkton have an average one-way commute time of 12.4 minutes, one of the shorter commutes in the region.
Education & Demographics
21.8% of Faulkton 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, 5.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Faulkton, SD
Compared to national averages, Faulkton has a median household income of $68,672 (9% below the national median of $75,149). Home values average $100,000, which is 59% below the national median. Monthly rent at $860 is 26% below the US average of $1,163. Within South Dakota, Faulkton's income is 6% above the state average of $64,650, and home values are 30% below the state median of $143,757.
Why Live in Faulkton, SD?
Faulkton offers affordable housing with a median home value of $100,000, below the US average of $244,900, and rent that’s lower than the national average at $860/month, and a low poverty rate of 7.9%, better than the national average. Additionally, the city features short commute times averaging just 12.4 minutes.
Potential considerations include median household income ($68,672) that falls below the national average. However, Faulkton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Faulkton has a population of 627 with a median age of 37.7 years. Compare Faulkton with other cities to see how it stacks up, or explore all cities in South Dakota.
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Demographics
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Economy & Education
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Other Cities in South Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Faulkton
What is the population of Faulkton, SD?
The population of Faulkton, SD is 627 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 Faulkton?
The median household income in Faulkton, SD is $68,672 per year, which is 9% below the national median of $75,149.
What is the median home value in Faulkton?
The median home value in Faulkton, SD is $100,000, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Faulkton?
The median monthly rent in Faulkton, SD is $860, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Faulkton?
The unemployment rate in Faulkton, SD is 11.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Faulkton, SD a good place to live?
Faulkton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 627 and a median age of 37.7, the city appeals to a broad range of residents.
How educated is Faulkton, SD?
21.8% of residents in Faulkton 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 Faulkton?
Key cost-of-living indicators for Faulkton, SD: median home value is $100,000 (59% below national), median rent is $860/month, and median household income is $68,672. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Faulkton?
The poverty rate in Faulkton, SD is 7.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Faulkton, SD?
Faulkton's population is 0.0% White, 5.9% 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.