Goodwin, SD
Population 94 · South Dakota
About Goodwin, SD
Goodwin is a small community located in South Dakota with a population of 94 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,750 per year, which is 27% below the national median of $75,149. The median age of 65.3 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 Goodwin features a median home value of $175,000, which is 29% below the national median of $244,900. This positions Goodwin in a moderately priced market relative to the rest of the country. Median monthly rent is $519, 55% below the national average of $1,163/month. Of the 83 total housing units, 90% are owner-occupied (60 units) and 10% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Goodwin 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 14.9%, above the national average of 12.4%. Workers in Goodwin have an average one-way commute time of 17.2 minutes, one of the shorter commutes in the region.
Education & Demographics
14.6% of Goodwin 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, 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 Goodwin Ranks in South Dakota
Cost of Living in Goodwin, SD
Compared to national averages, Goodwin has a median household income of $54,750 (27% below the national median of $75,149). Home values average $175,000, which is 29% below the national median. Monthly rent at $519 is 55% below the US average of $1,163. Within South Dakota, Goodwin's income is 15% below the state average of $64,650, and home values are 22% above the state median of $143,757.
Why Live in Goodwin, SD?
Goodwin offers affordable housing with a median home value of $175,000, below the US average of $244,900, and rent that’s lower than the national average at $519/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 17.2 minutes.
Potential considerations include median household income ($54,750) that falls below the national average. However, Goodwin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Goodwin has a population of 94 with a median age of 65.3 years. Compare Goodwin 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 Goodwin
What is the population of Goodwin, SD?
The population of Goodwin, SD is 94 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 Goodwin?
The median household income in Goodwin, SD is $54,750 per year, which is 27% below the national median of $75,149.
What is the median home value in Goodwin?
The median home value in Goodwin, SD is $175,000, which is 29% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Goodwin?
The median monthly rent in Goodwin, SD is $519, which is 55% below the national average of $1,163/month.
What is the unemployment rate in Goodwin?
The unemployment rate in Goodwin, 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 Goodwin, SD a good place to live?
Goodwin offers a moderate cost of living, affordable housing, and a strong job market. With a population of 94 and a median age of 65.3, the city appeals to established professionals and retirees.
How educated is Goodwin, SD?
14.6% of residents in Goodwin 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 Goodwin?
Key cost-of-living indicators for Goodwin, SD: median home value is $175,000 (29% below national), median rent is $519/month, and median household income is $54,750. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Goodwin?
The poverty rate in Goodwin, SD is 14.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Goodwin, SD?
Goodwin'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.