What Is the Cost of the American Dream in South Dakota?
We all have our own ideas about what the "American Dream" is. However, according to several sources, it is the belief that anyone "has the freedom and opportunity to succeed and attain a better life".
To determine how much achieving the American Dream will cost you, GO Banking Rates gave it its own definition. They defined it as "a married couple with two children, owning a home for four along with a car and a pet".
They rated all 50 states according to the amount that would need to be spent to achieve their version of the American Dream.
South Dakota placed 10th overall in this comparison of all 50 states. Here are the South Dakota statistics.
- The true cost of the American Dream in South Dakota: $135,319
- Total annual cost: $67,659
- Grocery cost per year: $8,060
- Pet care costs: $1,173
- Annual car costs: $8,733
- Median home price: $293,085
- Annual mortgage: $21,903
- Healthcare annual costs: $7,235
- Utilities annual costs:$5,212
- Education annual costs: $2,483
- Child care annual costs: $12,860
Whether you agree or not with the definition GO Banking Rates based their study on, it is still interesting to see the results.
Iowa placed 12th and Minnesota was much farther down the list at 35th place in the study.
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To see the complete study just check out GO Banking Rates Cost of Achieving the American Dream story.
Sources: GO Banking Rates and Wikipedia
The 10 Largest Occupations in South Dakota
Gallery Credit: Ben Kuhns