This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Cities That Embody the American Dream

Sioux Falls, S.D.
Unemployment rate: 4.6%
Walk score: 50
P/I ratio: 2.13
Education Quality Index score: 72.73
If North Dakota stacks the deck for businesses, South Dakota just hands businesses the deck and lets them draw whatever cards they like. South Dakota lacks a corporate income tax, personal property tax, personal or corporate capital gains tax or inheritance tax. It has a sales tax, but caps it at 4%.

The Small Business and Entrepreneur Council loves the state for its national low crime rate and low health insurance mandates for businesses but, remarkably, Sioux Falls wishes it had Bismarck's unemployment rate. The state on the whole faces a $127 million budget deficit and Gov. Dennis Daugaard intends to fill it with spending cuts while also cutting existing taxes 10%.

The two towns are similar in many ways. Each has a great system of parks, but Sioux Falls' views of its namesake waterfalls at Falls Park and paved 16-mile bike-and-pedestrian trail along the Big Sioux River give it a slight edge. Both have a slew of universities, but the cultural events surrounding Augustana College and the University of Sioux Falls include a sculpture walk, poetry and literary festivals and the Sioux Falls Jazz and Blues Fest give Sioux Falls just a little more spark.

Both have NBA D-League teams, but the Sioux Falls Skyforce will still be in Sioux Falls after 2012. The Golden State Warriors plan on moving the Bismarck Wizards to California at that time. Neither city is particularly walkable and each lacks substantial public transportation, but roughly half of Sioux Falls -- particularly in the central and southern portions -- is somewhat more dense and easier to get around.

Workers get paid a bit more to live here than in Bismarck, with the average family income of $69,100 trumping its northern neighbor's $68,000, but the median price of a home is $15,000 higher. That said, South Dakota is still on the cheaper side of the American Dream list and gives its residents a lot of reasons to stay for their money.

The public school system scores high at nearly every level, with Harvey Dunn Elementary, Memorial and Patrick Henry middle schools and Lincoln High School getting perfect or near-perfect marks. The lack of taxes are a nice lure, but Sioux Falls seems intent on ensuring the folks who contributed to its 24% population increase during the past decade stay a while.

8 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
SONC $29.21 -1.35%
MDU $20.93 0.00%
HCA $73.61 0.00%
C $53.35 0.00%
CHK $15.86 0.00%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs