For those that are considering moving to North Dakota or want to explore some North Dakota real estate, there are numerous benefits to doing so. The following are just a few of them:
A Modern State
North Dakota is the 24th state created after the Civil War. It was originally part of the territory of Minnesota, which was ceded to the Dakota Territory in 1863. Since its founding, North Dakota has maintained a distinctive character and culture. The population is predominantly white, with a significant Native American population. Roughly 40% of the population is made up of people between the ages of 20 and 64, and around 30% are 65 and older.
A Wealth of Opportunities
Though the economy of North Dakota has declined in recent years, the state still offers a wealth of opportunities for those that move there. Since the last recession, the state has created numerous new jobs, attracting many residents from around the country. Many are attracted to North Dakota because of the high-paying jobs available in the oil industry. In 2017, the unemployment rate in North Dakota was 3.1%, which is lower than the national average of 4.1% and the state's previous rate of 3.6% in 2015. Many are also drawn to the state because of its bountiful natural resources. The state is home to the largest lake in North America, Lake Sakakawea, as well as vast oil reserves, which provide significant resources for future generations.
A Larger Housing Market
It is well known that North Dakota is a very safe state. However, people who live there need safe and comfortable places where they can raise their families. Fortunately, North Dakota has a much larger housing market than one would expect. From small, cozy cabin-like apartments, to massive, custom-built homes, North Dakota has a place for everyone. In fact, the median home price in the state is around $266,900, which is close to the national average of $265,700. This makes it an affordable place to live for those from around the country.
A More Urbanized Population
Though 60% of North Dakota's population resides in rural areas, much of the state's economy and culture is concentrated in its cities. This cultural and economic diversity is reflected in the state's architecture, which is a blend of various styles, including Dutch Colonial, French Provincial, Baroque, and Neoclassical.
A More Business-friendly State
North Dakota currently has lower corporate taxes and licensing fees than most other states. In order to encourage businesses to set up shop there, the state has eliminated many of its regulations and red tape. This has resulted in a more business-friendly environment. In fact, North Dakota now has the fourth-lowest business energy cost in the country. This is due, in part, to the fact that a large number of wind turbines and solar panels are located there.
Those that are considering moving to North Dakota should do so for the opportunities that the state has to offer. Whether you want to live in a large city, a small town, or somewhere in between, North Dakota has something to offer everyone.