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The original item was published from 3/23/2011 3:16:24 PM to 3/26/2011 12:05:02 AM.

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Posted on: March 23, 2011

[ARCHIVED] North Dakota: We’re #1… or Darn Close to It!

According to CBS Money Watch North Dakota is #1 or Close to it!

Lowest unemployment rate among the 50 states. North Dakota’s 3.8 percent unemployment rate is less than half the national rate.

Statewide GDP growth of 3.9 percent ranked third in the nation in 2009 behind Oklahoma and Wyoming (2010’s figures are not yet available.)

Best job growth last year. A Gallup survey reported that North Dakota businesses had the best ratio of hiring to firing among the 50 states.

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.

Low violent crime rate. The incidence of violent crime per 100,000 residents in North Dakota in 2008 (latest available data) was the fourth lowest in the country and nearly 60 percent lower than the national average.

Lowest credit card default rate. According to TransUnion, North Dakotans seem to have a handle on spending within their means.

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.

Why North Dakota May Be the Best State in the U.S.
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