North Dakota Ranks in the Top 10 for States to Do Buisness With
Despite the questionable future of the Bakken, fuel prices are once again rebounding and in a recent study, North Dakota ranks high as a state to do business with.
24/7 Wall St revealed the results this week of the 10 best and the 10 worst states to do business with. TO come up with this list 24/7, identified nearly 50 measures that contribute to the business climate and reviewed them in each of the 50 states.
The detailed methodology can be found here.
The results of the best of the best are:
- South Dakota
- North Dakota
According to 24/7 on North Dakota, In addition to high wages and job opportunities, residents benefit from a relatively low cost of living. In 2013, the cost of housing required 26% of a typical household income, the second-lowest median annual affordability ratio nationwide. As in other states with a low cost of living, North Dakota also had a healthy infrastructure. Partly as a result, workers in the state benefited from an average commute time of less than 18 minutes, versus the national figure of nearly 26 minutes. It was the third lowest commute time in the country.
Get the complete story and list of the best and worst states here.