South Dakotans over the age of 65 had median household incomes of $37,896 in 2015, but still fell short of the national average of $40,971.
South Dakotans over the age of 65 had median household incomes of $37,896 in 2015, but still fell short of the national average of $40,971.
Nov 17, 2016

Median Household Income for Seniors on the Rise in South Dakota

Median household incomes for South Dakotans over the age of 65 increased by over $2,600, according to recent federal data. South Dakotans over the age of 65 had median household incomes of $37,896 in 2015, but still fell short of the national average of $40,971.

The increase in median household income for South Dakota seniors placed the Rushmore State at No. 36 in the nation—up from No. 43 in 2014.

Regionally, South Dakota outperformed North Dakota, which ranked No. 43 in the nation with a $36,971 median household income for individuals over 65 years of age. Minnesota placed first regionally at No. 14 with a $42,316 median household income for the same age group. 

State 2015

2014

United States $40,971 $39,186
South Dakota $37,896 $35,240
Wyoming $41,057 $40,773
Nebraska $39,112 $37,174
Iowa $40,144 $37,099
Minnesota $42,316 $40,041
North Dakota $36,971 $37,196
Montana $37,896 $35,755

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. 

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