South Dakota: Where The Jobs Are
Why people are moving to South Dakota
60% of people who moved to South Dakota did so for a new job or job transfer
South Dakota, home of Mount Rushmore, topped the list of states with the most inbound movers in 2016, and it’s mostly for the jobs.Interesting, that Oregon had been the top state drawing new people for the past three years. I'm pretty sure though, that most people coming to Oregon are looking to retire, not find work. Read the whole article for embedded links and more.
The state, which has seen a 23% increase in people moving to the state in the last five years, took the No. 1 spot for the first time, beating Oregon, which had been in the top place for the past three years. South Dakota also attracted those looking to live closer to family and retire, according to the 40th annual moving study by St. Louis-based moving company United Van Lines. The study based its findings on states’ inbound and outbound percentages compared to total moves the company handles.
Of the people moving to South Dakota, 60% came for jobs. The state is home to financial services firms, like Citibank C, +0.83% , and has a low unemployment rate and reasonable home prices, said Michael Stoll, an economist and professor and chair of the Department of Public Policy at the University of California, Los Angeles, who worked with United Van Lines on the study. High demand jobs with high wages in South Dakota include registered nurses, accountants and auditors, general and operations managers, elementary school teachers, secondary school teachers and management analysts, according to the South Dakota Dept. of Labor & Regulation.
“There are more pull factors than push factors,” Stoll said. The unemployment rate in South Dakota was 2.7% in November, according to the Bureau of Labor Statistics, compared with the U.S.’s unemployment rate that same month of 4.6%. The median home in South Dakota is about $170,000, according to real estate website Zillow’s home value index.
The top inbound states after South Dakota were Vermont, Oregon, Idaho, South Carolina, Washington state, then Washington, D.C., North Carolina, Nevada and Arizona. [...]