Bankrate.com names South Dakota best state to retire in

Henrietta Brewer
July 14, 2018

Missouri ranked 15th, Kentucky was 30th, and IL ranked toward the end of the list at 44.

When balancing cost of living, taxes, health care quality and other key factors, South Dakota is the best state in the country to retire - while New York State ranks dead last, according to a new report. "But if you look into it, you see how people there have very good social relationships, and feel a sense of objective with the community", said Bankrate.com analyst Taylor Tepper in an interview with Yahoo Finance.

South Dakota came out on top mostly because of how it ranked in well-being and tax friendliness.


In addition to placing tops overall, South Dakota ranked first in well-being, second in taxes, 10th in cultural vitality and 12th in healthcare quality.

In addition to NY, the bottom five states included New Mexico, Maryland, Louisiana and Arkansas.

The Mount Rushmore State was joined in the top five by Utah, Idaho, New Hampshire and Florida.


Planning on retirement? According to a Bankrate study, you might not want to do it in Maryland.

New York, meanwhile, lost out largely due to its' low rankings on cost of living (50th place), taxes (49th) and health care quality (41st). It was ranked number three for cost of living, number 16 for taxes, and number 17 for weather.

Louisiana: The Southern state is not great for retirement either as its near the bottom in crime, culture and health care quality.


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