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South Dakota Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 189 | 36 | 31 | C- |
| WORKFORCE | 160 | 44 | 47 | F |
| ECONOMY | 189 | 23 | 28 | C |
| QUALITY OF LIFE | 167 | 28 | 31 | C- |
| COST OF DOING BUSINESS | 174 | 16 | 11 | B+ |
| TECHNOLOGY & INNOVATION | 59 | 48 | 42 | F |
| BUSINESS FRIENDLINESS | 190 | 3 | 2 | A- |
| EDUCATION | 62 | 24 | 27 | B- |
| ACCESS TO CAPITAL | 30 | 32 | 37 | D+ |
| COST OF LIVING | 28 | 19 | 27 | C+ |
| OVERALL | 1248 | 33 | 34 |
Economic Profile
Governor: Kristi Noem, Republican
Population: 919,318
GDP growth (Q1 2024): -4.2%
Unemployment rate (May 2024): 2%
Top corporate tax rate: None
Top individual income tax rate: None
Gasoline tax: 48.40 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AAA, Stable
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
