Bankruptcy by State
Bankruptcy in South Dakota
How South Dakota's bankruptcy exemptions, Chapter 7 income limits, and filing volume compare to the rest of the country.
Homestead exemption
Unlimited
No dollar cap
Vehicle exemption
—
Wildcard may apply
Median income (1 person)
$69,190
Chapter 7 means-test threshold
Annual filings
677
Year 2025
South Dakota vs. national medians
National medians are calculated across all 51 states plus the District of Columbia. Ranks run from #1 (highest) to #51 (lowest). Where a state publishes a range or a conditional amount, the exemption is shown in full and ranked by its guaranteed minimum.
| Metric | South Dakota | National median | Rank |
|---|---|---|---|
| Homestead exemption | Unlimited | $90,000 | Unlimited |
| Motor vehicle exemption | — | $7,250 | — |
| Median income (1-person household) | $69,190 | $71,745 | #32 of 51 |
| Median income (4-person household) | $130,738 | $126,058 | #25 of 51 |
| Annual bankruptcy filings | 677 | 8,707 | #46 of 51 |
South Dakota provides an unlimited homestead exemption (subject to federal acreage and time-of-ownership limits under the Bankruptcy Code).