South Dakota Financial Distress Profile 2026
Household debt, delinquency rates, and foreclosure law summary for South Dakota — compared to national averages. Data from the NY Fed Consumer Credit Panel, Q4 2025.
Last updated: 2026-03-09
How Does South Dakota Compare to the National Average?
South Dakota is above the national average on 0 of 5 key household distress metrics. Credit card delinquency stands at 9.1% (below the 12.4% national rate), auto loan delinquency at 3.6%, and total debt per capita at $52,270.
Since 2019, credit card delinquency in South Dakota has risen 2.8pp and total household debt has grown 21.4%. Most metrics remain below the national baseline.
Key Statistics at a Glance
State Distress Index: South Dakota
Component Breakdown
The national American Distress Index reads 59.0 (Elevated). South Dakota's State Distress Index of 34.5 (Healthy) is computed from 6 data dimensions covering debt performance, economic need, bankruptcy filings, employment, consumer complaints, and safety net strength.
South Dakota vs. National Average
Delinquency rates measure the share of loan accounts 30 or more days past due. Higher rates signal greater household financial stress. Debt and balance figures are per capita, adjusted for state population.
Download all states (CSV)South Dakota vs. National: 5 Key Metrics (Q4 2025)
Source: NY Fed Consumer Credit Panel / Equifax, Q4 2025.
Similar States by Distress Level
States ranked closest to South Dakota (#50) on the State Distress Index. Peer comparison reveals whether distress patterns are regional or structural.
| State | ADI Score | Zone | Top Driver |
|---|---|---|---|
| South Dakota | 34.5 | Healthy | Safety Net Gap |
| Montana | 37 | Normal | Safety Net Gap |
| North Dakota | 34.6 | Healthy | Safety Net Gap |
| Vermont | 34.5 | Healthy | Safety Net Gap |
Change Since 2019
Pre-pandemic 2019 values provide a baseline for how distress has evolved. Credit card and auto loan delinquency have risen sharply in most states since pandemic-era forbearance protections expired.
| Metric | 2019 | 2025 | Change | Nat'l 2025 |
|---|---|---|---|---|
| Credit Card Delinquency | 6.3% | 9.1% | +2.8pp | 12.4% |
| Auto Loan Delinquency | 3.4% | 3.6% | +0.2pp | 5.2% |
| Mortgage Delinquency | 0.66% | 0.79% | +0.1pp | 0.94% |
| Total Debt per Capita | $43,050 | $52,270 | +21.4% | $63,200 |
| CC Balance per Capita | $2,970 | $3,530 | +18.9% | $4,350 |
South Dakota Foreclosure Law Summary
Understanding your state's foreclosure process is critical if you fall behind on mortgage payments. South Dakota primarily uses non-judicial foreclosure.
South Dakota has two foreclosure tracks: (1) non-judicial foreclosure by power of sale under SDCL § 21-48-1 et seq. — available when the mortgage contains a power of sale clause, which is standard in modern residential mortgages; and (2) judicial for…
Full South Dakota foreclosure law guide →Unlimited Homestead, but Delinquency Tells the Story
South Dakota's unlimited homestead exemption protects home equity from most creditors — one of the strongest protections in the country. But homestead protection doesn't prevent households from falling behind. Credit card delinquency of 9.1% sits below the national 12.4%, and the state's Distress Index reads 34.5 (Healthy). The exemption helps in bankruptcy — it doesn't stop the path there.
CFPB Mortgage Complaints in South Dakota
The Consumer Financial Protection Bureau has received 422 mortgage complaints from South Dakota since 2012 — 45.9 per 100,000 residents, below the national rate of 129.3 per 100K. South Dakota ranks #49 of 51 jurisdictions for complaint density.
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Complaints | 26 | 25 | 24 | 29 | 27 | 26 |
Source: CFPB Consumer Complaint Database. Filed a mortgage complaint? Search the complaint database.
Bankruptcy Filings: South Dakota
Bankruptcy filings reflect the downstream consequence of sustained financial distress — when households exhaust savings, fall behind on debt, and run out of alternatives. South Dakota's filing rate is below the national average.
Source: U.S. Courts, Administrative Office. Table F-2: Cases Commenced by Chapter. Per-capita rates use 2024 Census population estimates.
Credit Distress: South Dakota
The Philadelphia Fed Consumer Credit Explorer tracks credit health metrics from Equifax data. 9.0% of South Dakota residents have debt in collections — below the national rate of 13.9%. 11.5% have subprime credit scores (below 620), and 30.5% are credit-constrained.
Source: Philadelphia Fed Consumer Credit Explorer. Data from NY Fed Consumer Credit Panel / Equifax. 2025 Q1.
Economic Context: South Dakota
SNAP enrollment and unemployment rates provide upstream context for household debt distress. Higher food assistance enrollment signals that more families are struggling with basic expenses, while elevated unemployment directly reduces income available for debt service.
Sources: USDA Food and Nutrition Service, BLS Local Area Unemployment Statistics. Population: U.S. Census Bureau 2024 estimates.
Safety Net Strength: South Dakota
The Safety Net Index measures how much support infrastructure is available to households in financial distress — combining healthcare coverage, food assistance, emergency housing funds, and legal protections. South Dakota scores 30.4 out of 100 (Weak), ranking #47 of 51 jurisdictions.
Component Breakdown
Sources: Kaiser Family Foundation (Medicaid, 2024), USDA FNS (SNAP, 2025), U.S. Treasury HAF program status, state foreclosure statutes.
Frequently Asked Questions
What is the credit card delinquency rate in South Dakota?
The credit card delinquency rate in South Dakota is 9.1% as of Q4 2025, ranking #47 among all states and DC. The national average is 12.4%. This rate has risen from 6.3% in 2019.
How does South Dakota's household debt compare to the national average?
South Dakota residents carry $52,270 in total debt per capita, below the national average of $63,200. Debt per capita has grown 21.4% since 2019. South Dakota ranks #34 nationally for total household debt per capita.
What is the auto loan delinquency rate in South Dakota?
Auto loan delinquency in South Dakota stands at 3.6% as of Q4 2025, below the national rate of 5.2%. This ranks #35 nationally. The rate has risen from 3.4% in 2019.
What type of foreclosure process does South Dakota use?
South Dakota primarily uses non-judicial foreclosure. This allows lenders to foreclose without court proceedings, resulting in a faster process. See our full South Dakota foreclosure law guide for timelines, protections, and legal resources.
Is South Dakota above or below the national average for financial distress?
South Dakota scores 34.5 on the State Distress Index (Healthy), ranking #50 of 51 jurisdictions. This composite score is built from 6 data dimensions: debt delinquency rates, SNAP enrollment, bankruptcy filings, unemployment, CFPB complaints, and safety net strength. The national American Distress Index reads 59.0 (Elevated).
How many CFPB mortgage complaints have been filed in South Dakota?
The CFPB has received 422 mortgage complaints from South Dakota since 2012, a rate of 45.9 per 100,000 residents. This ranks #49 of 51 jurisdictions. The national average is 129.3 per 100K. Companies responded to 99.1% of South Dakota complaints within the required timeframe.
What is the bankruptcy filing rate in South Dakota?
South Dakota had 669 bankruptcy filings in the 12-month period ending Dec 2025, a rate of 72.8 per 100,000 residents — below the national rate of 169.1 per 100K. This ranks #46 of 51 jurisdictions. Chapter 7 filings account for 75.5% and Chapter 13 for 23.6%. Filings changed +3.2% year-over-year.
What percentage of people in South Dakota have debt in collections?
9.0% of individuals in South Dakota have debt in collections, below the national rate of 13.9%. This ranks #45 of 51 jurisdictions. Additionally, 11.5% of South Dakota residents have subprime credit scores (below 620), compared to 16.9% nationally. Data from the Philadelphia Fed Consumer Credit Explorer (NY Fed / Equifax).
What is the SNAP enrollment rate in South Dakota?
70,961 residents of South Dakota receive SNAP benefits, an enrollment rate of 7.7% — below the national rate of 11.9%. This ranks #42 of 51 jurisdictions. SNAP participation has changed -5.7% year-over-year. The pre-pandemic rate was 8.5%.
How strong is South Dakota's financial safety net?
South Dakota scores 30.4 out of 100 on the Safety Net Index, ranking #47 of 51 jurisdictions (Weak). The score combines Medicaid coverage (12.7% enrollment rate, expansion state), SNAP enrollment (7.7%), Homeowner Assistance Fund status (winding down), and foreclosure legal protections. The national average is 49.3.
Data Sources
NY Fed Consumer Credit Panel
State-level household debt and delinquency statistics from the Federal Reserve Bank of New York, based on Equifax credit bureau data. Updated quarterly.
American Distress Index
Composite index tracking U.S. household financial distress across five statistically derived components. National score as of the latest available quarter.
South Dakota Foreclosure Statutes
State foreclosure law data compiled from primary statutory sources and validated against legal databases. Last verified 2026-03-10.
CFPB Complaint Database
Mortgage complaints filed with the Consumer Financial Protection Bureau, 2012–present. Density calculated using 2024 Census population estimates.
USDA SNAP State Activity
Monthly SNAP participation by state from the USDA Food and Nutrition Service. Enrollment rates computed against 2024 Census population estimates.
U.S. Bankruptcy Courts
Annual bankruptcy filings by chapter and district from the Administrative Office of the U.S. Courts. Per-capita rates computed against 2024 Census population estimates.
Philadelphia Fed Consumer Credit Explorer
Quarterly credit health metrics (collections, subprime share, delinquency, credit-constrained rates) from Equifax via the NY Fed Consumer Credit Panel.
Safety Net Index
Composite score from KFF Medicaid enrollment (2024), USDA SNAP participation (2025), U.S. Treasury HAF program status, and state foreclosure legal protections.