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Household Income Up for SD Seniors Black Hills Knowledge Network chart
November 25, 2014

Household Income Up for SD Seniors

Household incomes for South Dakota's senior citizens rose for the fourth straight year in 2013 and came closer to the national average than state income levels have been since at least 2006, according to recently updated federal data.

In 2013, the median household income in South Dakota households headed by someone 65 or older was $36,354, compared to the $37,847 median household income for the nation as a whole.

The state's median household income for this age group hovered between $31,000 and $33,000 (in 2013 dollars) between 2006 and 2010 before jumping to a bit more than $34,000 in 2011. In 1999, the median household income for this age group was $33,000 (in 2013 dollars).

Among the 50 states, South Dakota ranked 29th in this category in 2013. Hawaii ranked No. 1 at $55,650, while Mississippi ranked 50th at $29,511.

The increase was dramatic in the Rapid City metro area, going from $36,299 in 2012 to $43,191 in 2013, which places Rapid City ahead of all other South Dakota metro areas and the state as a whole in this category.

Find more information on incomes in South Dakota.

 

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