Lake Andes, SD Profile: Facts & Data

The City of Lake Andes had a population of 734 as of July 1, 2024. Lake Andes ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in South Dakota. See peer rankings below.

The primary coordinate point for Lake Andes is located at latitude 43.1564 and longitude -98.5415 in Charles Mix County. The formal boundaries for the City of Lake Andes encompass a land area of 0.75 sq. miles and a water area of 0.02 sq. miles. Charles Mix County is in the Central time zone (GMT -6).

The City of Lake Andes has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Lake Andes, SD Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	734 (100%)
Population in Households	688 (93.7%)
Population in Families	572 (77.9%)
Population in Group Quarters¹	46 ( 6.3%)
Population Density	984
Diversity Index²	59


INCOME
Median Household Income	$49,659
Average Household Income	$77,740
% of Income for Mortgage⁴	11%
Per Capita Income	$26,270
Wealth Index⁵	65
Socioeconomic Status Index⁶	Low (38.9)

HOUSING
Total HU (Housing Units)	309 (100%)
Owner Occupied HU	179 (57.9%)
Renter Occupied HU	68 (22.0%)
Vacant Housing Units	62 (20.1%)
Median Home Value	$84,756
Average Home Value	$116,760
Housing Affordability Index³	228

HOUSEHOLDS
Total Households	247
Average Household Size	2.79
Family Households	146
Average Family Size	4.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Lake Andes, SD - Peer Comparisons by Rank and Percentile

The table below compares Lake Andes to the other 485 incorporated cities, towns and CDPs in South Dakota by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.79%	-0.44%
Households	-1.47%	-0.57%
Families		-0.55%
Median Household Income		5.12%
Per Capita Income		2.45%
Owner Occupied HU		0.44%

Variable Description	Rank	Percentile
Total Population	# 106	78th
Population Density	# 88	82nd
Median Household Income	# 391	20th
Housing Affordability Index	# 460	95th
Per Capita Income	# 372	24th
Diversity Index	# 16	97th

Lake Andes, SD Profile: Facts & Data

Lake Andes, South Dakota - Basic Facts

Lake Andes, SD Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Andes, SD - Peer Comparisons by Rank and Percentile

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