New Elm Spring Colony, SD
Population 40 · South Dakota
About New Elm Spring Colony, SD
New Elm Spring Colony is a small community located in South Dakota with a population of 40 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 0 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 New Elm Spring Colony features a median home value of $0, which is 100% below the national median of $244,900. This makes New Elm Spring Colony one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 0 total housing units, NaN% are owner-occupied (0 units) and NaN% are renter-occupied (0 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in New Elm Spring Colony 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 100.0%, above the national average of 12.4%. Workers in New Elm Spring Colony have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
100.0% of New Elm Spring Colony residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. 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 New Elm Spring Colony Ranks in South Dakota
Cost of Living in New Elm Spring Colony, SD
Compared to national averages, New Elm Spring Colony has a median household income of $0 (100% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within South Dakota, New Elm Spring Colony's income is 100% below the state average of $64,650, and home values are 100% below the state median of $143,757.
Why Live in New Elm Spring Colony, SD?
New Elm Spring Colony offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 100.0% of residents hold a bachelor’s degree or higher, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, New Elm Spring Colony’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Elm Spring Colony has a population of 40 with a median age of 0 years. Compare New Elm Spring Colony 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 New Elm Spring Colony
What is the population of New Elm Spring Colony, SD?
The population of New Elm Spring Colony, SD is 40 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 New Elm Spring Colony?
The median household income in New Elm Spring Colony, SD is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in New Elm Spring Colony?
The median home value in New Elm Spring Colony, SD is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in New Elm Spring Colony?
The median monthly rent in New Elm Spring Colony, SD is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in New Elm Spring Colony?
The unemployment rate in New Elm Spring Colony, 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 New Elm Spring Colony, SD a good place to live?
New Elm Spring Colony offers a moderate cost of living, affordable housing, and a strong job market. With a population of 40 and a median age of 0, the city appeals to young professionals and families.
How educated is New Elm Spring Colony, SD?
100.0% of residents in New Elm Spring Colony aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in New Elm Spring Colony?
Key cost-of-living indicators for New Elm Spring Colony, SD: median home value is $0 (100% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is NaNx, a moderate figure by national standards.
What is the poverty rate in New Elm Spring Colony?
The poverty rate in New Elm Spring Colony, SD is 100.0%, 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 New Elm Spring Colony, SD?
New Elm Spring Colony'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.