South Dakota Is The Least Expensive State To Live
There are some big misconceptions about South Dakota. Some people seem to think it’s constantly under 30 degrees. Some think South Dakota is really in the southern United States. Why do people believe we are not as technologically advanced as the rest of the world? Yes, we know how to use the internet and we do have cell phones.
One thing that could put South Dakota on the radar is the newest title that has been bestowed upon us. South Dakota is the least expensive state to live in the U.S.
The Bureau of Economic Analysis determined which states are more competitively priced than others in terms of cost of living. By using the Regional Price Parity metric, the BEA measured the differences in price levels across each state and region relative to the national price level from 2007-2011.
Here’s the ten least-expensive states to live:
9. West Virgina
2. North Dakota
1. South Dakota
According to Wall St. Cheat Sheet, South Dakota’s prices are 13 percent below the national average. We have the third lowest unemployment at 4 percent, property taxes are better than the average at 1.28 percent, and sales tax is at 4 percent.