State Comparison

South Dakota vs North Dakota

Side-by-side comparison of 16 financial metrics including taxes, housing costs, cost of living, wages, and insurance — powered by verified government data.

Overall Score

5
South Dakota
SD
1 tied
of 16 metrics
10
North Dakota
ND

Cost of Living

Cost of Living Index
SD: 92.6
ND: 92.5
ND

Housing

Median Home Price
SD: $270,000
ND: $250,000
ND
Median 2BR Rent
SD: $860/mo
ND: $875/mo
SD
Closing Costs
SD: 2.60%
ND: 2.50%
ND
Transfer Tax Rate
SD: 0.10%
ND: 0.00%
ND

Taxes

Property Tax Rate
SD: 1.17%
ND: 0.98%
ND
Top Income Tax Rate
SD: None
ND: 1.95%
SD
Sales Tax Rate
SD: 4.20%
ND: 5.00%
SD
Capital Gains Tax Rate
SD: None
ND: 1.95%
SD

Income & Employment

Median Household Income
SD: $63,920
ND: $68,131
ND
Minimum Wage
SD: $11.50/hr
ND: $7.25/hr
SD
Max Unemployment Benefit
SD: $414/wk
ND: $618/wk
ND

Business

LLC Filing Fee
SD: $150
ND: $135
ND
LLC Annual Fee
SD: $50
ND: $50
Tie

Insurance & Living

Avg Car Insurance
SD: $1,420/yr
ND: $1,350/yr
ND
Avg Home Insurance
SD: $2,800/yr
ND: $2,050/yr
ND

Key Takeaways

  • 1

    North Dakota leads in 10 of 16 financial metrics, making it the more favorable state overall.

  • 2

    Housing: Median home prices are $270,000 in South Dakota vs $250,000 in North Dakota — a $20,000 difference.

  • 3

    Taxes: South Dakota has no income tax while North Dakota has a 1.95% top rate. Property tax rates are 1.17% vs 0.98%.

  • 4

    Cost of Living: South Dakota's index is 92.6 and North Dakota's is 92.5 (national average = 100).

Frequently Asked Questions

Is South Dakota or North Dakota more affordable?

North Dakota has a lower cost of living index (92.5) compared to South Dakota (92.6), where 100 is the national average. However, affordability depends on your specific situation — compare housing, taxes, and income together for a complete picture.

Which state has lower taxes — South Dakota or North Dakota?

Overall, South Dakota has a lower combined tax burden. South Dakota has no income tax, 4.2% sales tax, and 1.17% property tax. North Dakota has a 1.95% top income tax, 5% sales tax, and 0.98% property tax.

What are housing costs in South Dakota vs North Dakota?

The median home price in South Dakota is $270,000 compared to $250,000 in North Dakota. For renters, a 2-bedroom apartment averages $860/month in South Dakota vs $875/month in North Dakota.

Which state is better for starting a business — South Dakota or North Dakota?

LLC filing costs are $150 in South Dakota vs $135 in North Dakota, with annual fees of $50 and $50 respectively. South Dakota's lack of income tax compared to North Dakota's 1.95% rate may also factor into your decision.

Should I move from South Dakota to North Dakota?

It depends on your priorities. North Dakota wins in 10 of 16 metrics we compared. Use our free calculators to model your specific financial scenario — including salary, property tax, and cost of living for each state.

Related Comparisons

Comparing South Dakota and North Dakota

When deciding between living in South Dakota or North Dakota, the financial picture goes beyond just one metric. This comparison analyzes 16 key financial indicators sourced from the U.S. Census Bureau, Tax Foundation, HUD Fair Market Rent data, and Bureau of Labor Statistics to give you a comprehensive overview.

South Dakota (SD) has a median household income of $63,920 with a cost of living index of 92.6. North Dakota (ND) has a median household income of $68,131 with a cost of living index of 92.5.

These numbers are estimates. Individual circumstances vary based on location within each state, family size, profession, and lifestyle. Use our free South Dakota calculator or North Dakota calculator to model your specific financial scenario.

Data sources: Census Bureau ACS, Tax Foundation, HUD FMR, BLS. Last verified January 2026. Calculators provide estimates only — consult a qualified professional for financial advice.