Financial Literacy in Raymond, SD
About 56 people live in Raymond, South Dakota. The population has grown 5.7% since 2020, from 53 to 56. The median age is 46.5, skewing older, where the pressing questions shift toward retirement income, medical costs and passing things on.
16.2% of Raymond residents 25 and older have completed a bachelor's degree or more. That sits 4.1 points below the South Dakota average of 20.3%. Put the other way round: of the 37 adults 25 and over counted in the 2019–2023 ACS, roughly 31 — 83.8% — are building their financial lives without a four-year degree behind them.
The typical household here earns $47,500 a year. That is $14,669 below the South Dakota median. About 13.7% of residents live below the poverty line.
Raymond by the numbers
| Measure | Value |
|---|---|
| Population (2024) | 56 |
| Change since 2020 | +5.7% |
| Median household income | $47,500 |
| Adults 25+ with a bachelor’s degree | 16.2% |
| Adults 25+ with a high school diploma | 73% |
| Median age | 46.5 |
| Poverty rate | 13.7% |
| Unemployment rate | 0% |
| Land area | 0.262 sq mi |
| Population density | 214 / sq mi |
What South Dakota teaches — and to whom
South Dakota lets students satisfy the requirement with either Personal Finance or Economics. Which means for most residents of Raymond, whatever they know about money they picked up somewhere other than a classroom.
LearnLife organises this the way the decisions actually arrive: Legal literacy — leases, contracts, employment rights and what a signature actually commits you to; Money — budgeting, credit, debt and taxes — the mechanics nobody is formally taught; Emotional regulation — the self-management that decides whether the other skills ever get used.
Where to start in Raymond
Shift from accumulating to drawing down
With a median age of 46.5, a large share of Raymond is closer to drawing on savings than building them. The skills that matter shift accordingly: sequencing withdrawals, understanding Medicare's enrolment windows, and getting beneficiary designations and a will actually filled in.
Questions people ask about Raymond
Do high school students in Raymond, South Dakota have to take a personal finance class?
No. South Dakota sets no statewide requirement that students complete personal finance before graduating.
How many adults in Raymond, South Dakota have a college degree?
16.2% of adults 25 and older hold a bachelor's degree or higher, based on the Census Bureau's 2019–2023 American Community Survey. The remaining 83.8% are managing their finances without one.
What is the median household income in Raymond, South Dakota?
$47,500, per the Census Bureau's 2019–2023 American Community Survey.
Where can adults in Raymond, South Dakota learn personal finance?
Graduation requirements only ever reach people still in school. For adults, LearnLife covers the same ground on demand — money, legal literacy and the self-management that decides whether either gets used.
Start with whichever one is costing you money right now.
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