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South Dakota Yearly Expenses by Quarter
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US-174-AZ
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South Dakota is consistently ranked as one of the most affordable states to live in the entire country. A recent study done by Homesnacks ranked the Mount Rushmore State at number five in terms of affordability among the 50 U.S. states.
According to NASBO, South Dakota's recent expenditure totals (general fund spending/total spending, including federal transfers) were: FY 2021: $1.9 billion/$6.7 billion. FY 2020: $1.7 billion/$4.9 billion. FY 2019: $1.6 billion/$4.5 billion.
Our low unemployment rate, strong labor force recovery, and terrific tourism numbers are generating historic revenues for the state. South Dakota's year over year growth in fiscal year 2021 was $274.2 million or 15.7%, compared to a ten year average of 4.6%.
South Dakota is truly a great place to live. It's one of the most taxpayer-friendly states in the country, and its residents can enjoy comparatively low local taxes and no individual income tax. The Mount Rushmore State ranks high in affordability due to its strong economy, low cost of living and economical housing.
The median home price in South Dakota is $239,500.
The typical renter in South Dakota spends $722 a month on housing, $301 less than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $553, while the typical rent for a unit with five or more bedrooms is $898.
According to NASBO, South Dakota's recent expenditure totals (general fund spending/total spending, including federal transfers) were: FY 2021: $1.9 billion/$6.7 billion. FY 2020: $1.7 billion/$4.9 billion. FY 2019: $1.6 billion/$4.5 billion.
South Dakota is consistently ranked as one of the most affordable states to live in the entire country. A recent study done by Homesnacks ranked the Mount Rushmore State at number five in terms of affordability among the 50 U.S. states.
The state received $1,409 in federal money per individual in 2021, according to World Population Review. States do provide tax money to the federal government but South Dakota receives $1.21 for every dollar it pays, according to the Rockefeller Institute of Government.
10 Most Affordable Places To Live In South DakotaMilbank, South Dakota.Belle Fourche, South Dakota.Brookings, South Dakota.Watertown, South Dakota.Rapid Valley, South Dakota.Tea, South Dakota.Sturgis, South Dakota.Vermillion, South Dakota. If you're a little shocked to see this, you're not alone.More items...?
