When it comes to being smart with our money, South Dakota is the place to be.

According to a report published by CreditCards.com, residents of the Mount Rushmore State are the best in the country at managing money, thanks to a number of key factors.

The state is tied for the second-highest average credit score in the nation, due in large part to residents having one of the lowest delinquency rates in America.

All of that despite South Dakota raking in the bottom half of the states in median income (33rd overall).

BEST STATES FOR MONEY MANAGEMENT (CreditCards.com)

  1. South Dakota
  2. Montana
  3. Wisconsin
  4. Maine
  5. Vermont
  6. Nebraska
  7. North Dakota
  8. Iowa
  9. Idaho
  10. Minnesota

WORST STATES FOR MONEY MANAGEMENT (CreditCards.com)

  1. Maryland
  2. Texas
  3. California
  4. Alaska
  5. Delaware
  6. Georgia
  7. New Jersey
  8. Virginia
  9. Nevada
  10. Illinois

The Mount Rushmore State is also tracking very highly on another financial list, placing third on the U.S. News Best States ranking for fiscal stability.

In fact, South Dakota was the only state to place in the top ten on both reports.