Lake Andes, SD
Population 934 · South Dakota
About Lake Andes, SD
Lake Andes is a small community located in South Dakota with a population of 934 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,714 per year, which is 39% below the national median of $75,149. The median age of 30.1 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 Lake Andes features a median home value of $46,700, which is 81% below the national median of $244,900. This makes Lake Andes one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $743, 36% below the national average of $1,163/month. Of the 304 total housing units, 69% are owner-occupied (156 units) and 31% are renter-occupied (70 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Andes shows an unemployment rate of 7.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 34.6%, above the national average of 12.4%. Workers in Lake Andes have an average one-way commute time of 16 minutes, one of the shorter commutes in the region.
Education & Demographics
23.3% of Lake Andes 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 7.6% White, 60.3% Hispanic or Latino, 0.3% Black or African American, and 0.0% Asian residents, with 0.7% of the population being foreign-born.
How Lake Andes Ranks in South Dakota
Cost of Living in Lake Andes, SD
Compared to national averages, Lake Andes has a median household income of $45,714 (39% below the national median of $75,149). Home values average $46,700, which is 81% below the national median. Monthly rent at $743 is 36% below the US average of $1,163. Within South Dakota, Lake Andes's income is 29% below the state average of $64,650, and home values are 68% below the state median of $143,757.
Why Live in Lake Andes, SD?
Lake Andes offers affordable housing with a median home value of $46,700, below the US average of $244,900, and rent that’s lower than the national average at $743/month, and short commute times averaging just 16 minutes.
Potential considerations include median household income ($45,714) that falls below the national average. However, Lake Andes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Andes has a population of 934 with a median age of 30.1 years. Compare Lake Andes with other cities to see how it stacks up, or explore all cities in South Dakota.
Similar Cities Near Lake Andes
Cities in South Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eureka | 946 | $34,167 | $69,800 | Compare |
| Piedmont | 956 | $52,730 | $290,100 | Compare |
| Agency Village | 911 | $47,569 | $204,200 | Compare |
| Valley Springs | 967 | $97,031 | $178,900 | Compare |
| Elkton | 971 | $58,750 | $183,800 | Compare |
| De Smet | 974 | $60,139 | $155,900 | Compare |
| Mina | 888 | $102,969 | $448,600 | Compare |
| Lake Madison | 885 | $116,648 | $496,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lake Andes With Other Cities
Frequently Asked Questions about Lake Andes
What is the population of Lake Andes, SD?
The population of Lake Andes, SD is 934 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 Lake Andes?
The median household income in Lake Andes, SD is $45,714 per year, which is 39% below the national median of $75,149.
What is the median home value in Lake Andes?
The median home value in Lake Andes, SD is $46,700, which is 81% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Andes?
The median monthly rent in Lake Andes, SD is $743, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Lake Andes?
The unemployment rate in Lake Andes, SD is 7.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Andes, SD a good place to live?
Lake Andes offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 934 and a median age of 30.1, the city appeals to young professionals and families.
How educated is Lake Andes, SD?
23.3% of residents in Lake Andes 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 Lake Andes?
Key cost-of-living indicators for Lake Andes, SD: median home value is $46,700 (81% below national), median rent is $743/month, and median household income is $45,714. The home-value-to-income ratio is 1.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Andes?
The poverty rate in Lake Andes, SD is 34.6%, 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 Lake Andes, SD?
Lake Andes's population is 7.6% White, 60.3% Hispanic or Latino, 0.3% Black or African American, 0.0% Asian, and 0.5% two or more races. 0.7% of residents are foreign-born.