Senior citizens' median incomes are below or even with 1999 incomes.
Senior citizens' median incomes are below or even with 1999 incomes.
South Dakota Dashboard chart
Jan 26, 2016

Older South Dakotans' Median Income Takes Dive

From 2013-2014, median income for South Dakotans 65 and older dropped more than $1,600, which does not appear to be a trend in other states. The drop puts the state in last place among its neighbors and 43rd nationally for median income for older residents, according to federal data

However, an even more significant drop in median income for this subset of the population in the Rapid City metropolitan area appears to be a factor in the statewide decline. Statewide, median income for that age group went from $36,931 in 2013 to $35,240 (in inflation-adjusted dollars). At the same time, income dropped more than $7,500 in the Rapid City metro area -- from $43,877 to $36,319 -- while it dropped only about $500 in the Sioux Falls metro area to $39,423.

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 2014
 Rapid City metro area  $41,400  $36,319
 Sioux Falls metro area  $39,238  $39,423
 Sioux City metro area  $36,205  $32,647
 South Dakota  $33,791  $35,240

 

Here's how South Dakota's income for senior citizen stack up regionally and nationally. The list is in the order of the largest drop in income to the largest gain, between 2013 and 2014.

  • South Dakota -- $36,931 to $35,240 (-$1,691)
  • Wyoming -- $41,584 to $40,773 (-$811) 
  • Nebraska -- $37,936 to $37,174 (-$762) 
  • Montana -- $36,020 to $35,710 (-$310)
  • Iowa - $37,273 to $37,099 (-$174)
  • United States -- $38,448 to $39,186 (+$738)
  • Minnesota -- $39,143 to $40,041 (+$898)
  • North Dakota -- $35,853 to $37,196 (+$1,343)

 

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