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….and that isn’t a joke.
North Dakota’s Economics/Fiscal Policy are to be admired.
Unemployment rate: 3.8%
Statewide GDP: 3.9% ranked 3rd in the United States in 2009, as 2010 stats are not available at this time.
Job Growth: Businesses in North Dakota had the best hiring to firing ratio of all the 50 states in 2010 according to a Gallup survey.
• Stable housing market. Across the nation, nearly 1 in 4 homeowners with a mortgage are underwater. In North Dakota, just 1 in 14 have negative equity, the fourth lowest negative-equity ratio among all the states. The state also has the third-lowest home foreclosure rate. Affordable homes are a big part of the story here; let's just say you don't need to overstretch to own. According to Zillow, the median home price in North Dakota is below $150,000. That's less than three times the state's median household income. By comparison, even after sharp post-bubble price declines, the median priced home in California is still about five times median household income.
Violent Crime: 4th lowest in the United States and almost 60% lower than national average according to 2008 stats which are the latest available. Source
Add that all up and you have the makings for a pretty contended bunch. In fact, Gallup recently concluded that North Dakota is the third happiest state in the U.S., trailing only Hawaii and Wyoming. (The saddest state? West Virginia.)
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