Harrisburg, Beresford, Tea: These cities aren’t just some of the best places to live in South Dakota. They are also home to some of the richest people in the Mount Rushmore State.
Harrisburg in particular houses the richest residents in the state thanks, in part, to a median household income of $77,151 and a ridiculously low poverty rate of 7.2%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in South Dakota share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 36 places in South Dakota with more than 2,000 people.
At the end of the day, here’s the set of the 10 richest places in South Dakota for 2018:
- Harrisburg (Homes For Sale)
- Beresford (Photos | Homes For Sale)
- Tea (Homes For Sale)
- Fort Pierre (Photos | Homes For Sale)
- Brandon (Photos | Homes For Sale)
- Elk Point (Photos | Homes For Sale)
- Lennox (Photos | Homes For Sale)
- Pierre (Photos | Homes For Sale)
- Dell Rapids (Photos | Homes For Sale)
- Hartford (Photos | Homes For Sale)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in South Dakota.
How We Determined The Richest Places In South Dakota For 2018
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the ‘richest places’. So we looked at this set of criteria from the newly released 2012-2016 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 36 places with more than 2,000 people in South Dakota, we ranked each place from 1 to 36 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a ‘Rich Score’ with the place having the lowest overall Rich Score, Harrisburg, crowned the ‘Richest Place In South Dakota For 2018’.
You can learn more about the top ten below or skip to the end to see the rankings for all 36 places.
Population: 5,129 Median Income: $77,151
Unemployment Rate: 1.0%
Poverty Rate: 7.2%
More on Harrisburg: Homes For Sale | Data
Harrisburg is a city in Lincoln County, South Dakota, United States and is a suburb of Sioux Falls. The population was 4,089 by the 2010 census, having grown from 958 in 2000 census. The population of the Harrisburg zip code has grown from 2,476 in 2000 to 10,342 in 2010.
4. Fort Pierre
Population: 9,674Median Income: $75,424
Unemployment Rate: 2.7%
Poverty Rate: 6.1%
More on Brandon: Homes For Sale | Data
Brandon is a city in Minnehaha County, South Dakota, United States and is the largest suburb of Sioux Falls. Brandon is located five miles east of Sioux Falls. The population was estimated at 9,923 by the United States Census Bureau on July 1, 2016, which was up from 8,785 at the 2010 census.
6. Elk Point
9. Dell Rapids
There You Have It – The Wealthiest Places In South Dakota For 2018
Like we said earlier, when we set out to identify the richest places in South Dakota, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in South Dakota.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in South Dakota, according to data:
2nd Poorest: Vermillion
3rd Poorest: Flandreau
For more South Dakota reading , check out:
Detailed List Of The Richest Cities In South Dakota
|North Sioux City||16|