Cost of Living in Lake Madison, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
151.4
100 = national avg
+51.4 vs national average
Living Wage (1 Adult)
$66,613
per year
Living Wage (Family of 4)
$157,449
per year
Cost Index by Category
Housing144.7
Food139.2
Transportation178.3
Healthcare131.3
Utilities132.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$739
per month
2 Bedroom
$970
per month
The overall cost of living index in Lake Madison is 151.4, which is 51.4% above the national average. Housing costs are above the national average at an index of 144.7. A single adult needs to earn approximately $66,613 per year to cover basic expenses.