Apartments for rent in Madison, SD

The small town of Madison, South Dakota is home to approximately 7,000 people. Young children account for a larger portion of the population here (8%) than nationally (6%), making it a nice place to raise a family, though young adults are also well-represented. Renters tend to be in the minority in the area, and 65% of residents own their homes. With a relatively low average rent of $669 a month in the town, renting remains an affordable option, particularly compared to other cities in South Dakota. Over the course of a year, renters in Madison will save around $1000 compared to the state average.

Averaging about 12 minutes, Madison's commute time is faster than the state average of about 18 minutes. Driving a car or truck is the typical way to get to work, selected by 42% of residents, while public transit is not widely used. Walking (3%) isn't a common means of commuting to work, though the number surpasses the national average.

Compared to the national average, Madison has a relatively large concentration of residents over the age of 25 who have a high school degree or equivalent (21%). In addition, 14% have a Bachelor's degree and 4% possess a Master's or Doctoral degree. If you're looking for a number of career options, Madison has plenty. The five most common industries are manufacturing, retail, healthcare, education, and entertainment. Combined, these industries account for 37% of the labor force in the town. Meanwhile, in terms of job function, many of the town's workers are in sales, as 7% of the town's population reports this as their field of work, the highest number of any field. Madison workers take home an average annual income of around $61K, about $4,000 less than their peers elsewhere in the state. The town's average income also trails the national average of $73,345.