Madison, SD
Population 6,158 · South Dakota
About Madison, SD
Madison is a small community in South Dakota with a population of 6,158 residents. The median household income is $62,180 per year, which is near the national average. The median age in Madison is 39.6 years.
Housing in Madison has a median home value of $191,400 and median monthly rent of $874. Of the 2,878 total housing units, the majority are owner-occupied, with 1,412 owner-occupied and 1,113 renter-occupied units.
The unemployment rate in Madison is 3.1% and the poverty rate is 11.2%. 35.7% of residents hold a bachelor's degree or higher. The average commute time is 11.6 minutes.
How Madison Ranks in South Dakota
Cost of Living in Madison, SD
Compared to national averages, Madison has a median household income of $62,180 (17% below the national median of $75,149). Home values average $191,400, which is 22% below the national median. Monthly rent at $874 is 25% below the US average of $1,163. Within South Dakota, Madison's income is 4% below the state average of $64,650, and home values are 33% above the state median of $143,757.
Why Live in Madison, SD?
Madison offers affordable housing with a median home value of $191,400, below the US average of $244,900, and rent that’s lower than the national average at $874/month, and a strong job market with an unemployment rate of just 3.1%. Additionally, the city features a well-educated community where 35.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 11.2%, better than the national average, and short commute times averaging just 11.6 minutes.
Potential considerations include median household income ($62,180) that falls below the national average. However, Madison’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Madison has a population of 6,158 with a median age of 39.6 years. Compare Madison with other cities to see how it stacks up, or explore all cities in South Dakota.
Similar Cities Near Madison
Cities in South Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tea | 6,339 | $104,643 | $305,300 | Compare |
| Belle Fourche | 5,741 | $59,920 | $188,800 | Compare |
| Sturgis | 7,111 | $51,101 | $236,400 | Compare |
| Rapid Valley | 7,153 | $85,217 | $226,300 | Compare |
| Harrisburg | 7,790 | $101,534 | $281,400 | Compare |
| Dakota Dunes | 4,129 | $123,438 | $495,000 | Compare |
| Dell Rapids | 3,947 | $101,250 | $284,400 | Compare |
| Milbank | 3,513 | $58,462 | $161,300 | 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.
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Frequently Asked Questions about Madison
What is the population of Madison, SD?
The population of Madison, SD is 6,158 according to the latest Census data.
What is the median household income in Madison?
The median household income in Madison, SD is $62,180 per year.
What is the median home value in Madison?
The median home value in Madison, SD is $191,400.
What is the average rent in Madison?
The median monthly rent in Madison, SD is $874.
What is the unemployment rate in Madison?
The unemployment rate in Madison, SD is 3.1%.