Apr 16, 2018

Seniors in Micropolitan Areas See Increase in Median Household Income

Seniors living South Dakota’s micropolitan areas experienced an increase in median household income from 2012-2016, according to data from the U.S. Census Bureau. From 2007-2011, older adults (adults aged 65 and older) had median household incomes of $33,702, which increased to $38,263 from 2012-2016.* Meanwhile, older adults in the Rushmore State’s metropolitan areas earned $38,880 from 2007-2011 and $39,504 from 2012-2016.

Overall, older adults in South Dakota earned slightly less than their counterparts across the nation in 2016. South Dakotan adults over the age of 65 had median household incomes of $39,528 while at the national level, adults aged 65 and older earned slightly more at $42,113. South Dakota’s median household income for older adults ranked the state No. 33 in the nation.

Within South Dakota, older adults in Hughes County had the highest median household incomes in 2016 at $55,667. Pennington County ranked 11th in the state at $41,751 while Minnehaha placed 17th at $38,226. The top three and bottom three counties are depicted in the chart below:

county 65 rankings

The Rapid City metropolitan statistical area (MSA) continued its trend of leading the state’s metro areas in median household incomes for older adults. In 2016, the Rapid City MSA’s median household income for adults over 65 was $40,580.  The Sioux City MSA landed in second place at $40,136 while Sioux Falls had the lowest median household income for seniors at $39,332.

*All figures reported in 2016 inflation-adjusted dollars.

Related items

  • South Dakota Economy Shows Strong Earnings Growth

    The US Bureau of Economic Analysis released its Q1 Personal Income report on June 21, 2018. The report showed signs that the South Dakota economy…
  • Median Household Incomes Vary by Race, Gender, and Household Type

    Among South Dakota households, married couples with children earned the highest wages, with median household incomes of $90,000 in 2016, according to recently released data…
  • Decrease in Farm Earnings Slows Personal Income Growth in South Dakota in 2017

    From 2016 to 2017, personal income in South Dakota grew by just 1.4%, according to a recent release by the Bureau of Economic Analysis. Only…
  • South Dakota Lags All Other States in Personal Income Growth in Third Quarter of 2017

    Personal income in South Dakota rose 0.1% between the second and third quarters of 2017, compared to a 0.7% increase for the nation, according to…
  • Poverty Rates and Median Household Income Differ in Rapid City and Sioux Falls

    Divergent trends in median household income and poverty rates occurred in two of South Dakota’s metropolitan areas, according to federal data. While poverty rates declined…

525 University Loop, Suite 202
Rapid City, SD 57701
(605) 716-0058   [email protected]