Median Income 65+

Older South Dakotans' Income Increases

From 2014-2015, median income for South Dakotans 65 and older increased more than $2,600, second only to Iowa when compared to neighboring states.  The increase puts the state at No. 36 in the nation, up from No. 43 in 2014. 

While Rapid City and Sioux City posted increases in the median household income of seniors, rates in Sioux Falls took a dip. In 2014, the median household income for Sioux Falls seniors was $39,473 compared to $37,896 in 2015. Rapid City posted an increase from $36,250 in 2014 to $37,896 in 2015. Sioux City realized a similar increase, rising from $32,688 in 2014 to $34,842 in 2015. 

For South Dakota's metro areas, median incomes for those 65 and older are either below 1999 levels or nearly even, in inflation adjusted dollars. Statewide, income for this group is up since 1999. 

 

  1999 2015
Rapid City Metro Area $41,461 $38,776
Sioux Falls Metro Area $39,294 $37,229
Sioux City Metro Area $36,257 $34,842
South Dakota $33,834 $37,896

Here's how South Dakota's income for senior citizen stack up regionally and nationally, in inflation adjusted dollars. The list is in the order of the largest increase in income to the largest drop, between 2014 and 2015.

  • Iowa - $37,146 to $40,144 (+2,998)
  • South Dakota -- $35,285 to $37,896 (+2,611)
  • Minnesota -- $40,092 to $42,316 (+$2,224)
  • Montana -- $35,755 to $37,896 (+2,141)
  • Nebraska -- $37,221 to $39,112 (+1,891)
  • United States -- $39,236 to $40,971 (+1735)
  • Wyoming -- $40,825 to $41,057 (+252)
  • North Dakota -- $37,243 to $36,971 (-272)

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