Wakonda, SD
Population 352 · South Dakota
About Wakonda, SD
Wakonda is a small community located in South Dakota with a population of 352 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,875 per year, which is 24% below the national median of $75,149. The median age of 53.4 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 Wakonda features a median home value of $97,700, which is 60% below the national median of $244,900. This makes Wakonda one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $817, 30% below the national average of $1,163/month. Of the 157 total housing units, 83% are owner-occupied (101 units) and 17% are renter-occupied (20 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wakonda 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 16.3%, above the national average of 12.4%. Workers in Wakonda have an average one-way commute time of 24.1 minutes.
Education & Demographics
18.8% of Wakonda 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, 2.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in Wakonda, SD
Compared to national averages, Wakonda has a median household income of $56,875 (24% below the national median of $75,149). Home values average $97,700, which is 60% below the national median. Monthly rent at $817 is 30% below the US average of $1,163. Within South Dakota, Wakonda's income is 12% below the state average of $64,650, and home values are 32% below the state median of $143,757.
Why Live in Wakonda, SD?
Wakonda offers affordable housing with a median home value of $97,700, below the US average of $244,900, and rent that’s lower than the national average at $817/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 24.1 minutes.
Potential considerations include median household income ($56,875) that falls below the national average. However, Wakonda’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wakonda has a population of 352 with a median age of 53.4 years. Compare Wakonda 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 Wakonda
What is the population of Wakonda, SD?
The population of Wakonda, SD is 352 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 Wakonda?
The median household income in Wakonda, SD is $56,875 per year, which is 24% below the national median of $75,149.
What is the median home value in Wakonda?
The median home value in Wakonda, SD is $97,700, which is 60% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wakonda?
The median monthly rent in Wakonda, SD is $817, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Wakonda?
The unemployment rate in Wakonda, 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 Wakonda, SD a good place to live?
Wakonda offers a moderate cost of living, affordable housing, and a strong job market. With a population of 352 and a median age of 53.4, the city appeals to established professionals and retirees.
How educated is Wakonda, SD?
18.8% of residents in Wakonda 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 Wakonda?
Key cost-of-living indicators for Wakonda, SD: median home value is $97,700 (60% below national), median rent is $817/month, and median household income is $56,875. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wakonda?
The poverty rate in Wakonda, SD is 16.3%, 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 Wakonda, SD?
Wakonda's population is 0.0% White, 2.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.9% two or more races. 1.4% of residents are foreign-born.