Arizona
Moderate tax burden · COL index 102
Wins 1 categories
South Dakota
Low tax burden · COL index 95
Wins 12 categories
South Dakota has no state income tax. Arizona's top rate is 2.5%. Property taxes are meaningfully different: South Dakota averages 1.08% annually vs Arizona's 0.51%. The median home in Arizona costs $420K vs $310K in South Dakota.
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Category wins
1
Arizona
12
South Dakota
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Who is the only billionaire in South Dakota?
T. Denny Sanford owns First Premier Bank, which specializes in offering credit cards to high-risk borrowers. The Sioux Falls, South Dakota, bank has just 18 branches, but is one of the largest issuers of Mastercards - many with steep rates and low limits. An active philanthropist, Sanford says he wants to die broke.