Fossnel.com - State Review

South Dakota is becoming more economically diverse from its agriculture-based past. Banking laws passed in the late 70’s early 80’s has enticed several financial institutions to open some type of operation there.

South Dakota does not have a state income tax which makes it a desired location. Believe it or not South Dakota’s State Sales Tax is lower than most other states especially California and New Jersey which have State Income Tax. Most companies in South Dakota do not compensate at the National Market Rate for salary and hourly making South Dakota less enticing to take a position if offered.

Sioux Falls is the main economic hub and by far the largest regions in South Dakota with almost one third of South Dakota population living the Sioux Falls metro area. Several Financial Institutions have some form of their credit card operations there. The big drawback for South Dakota there is a limited number of opportunities for Software Developers.