By now, most Americans are pretty hip to the importance of saving for retirement. Buzz60’s Natasha Abellard has the story.
There’s a lot to consider when selecting the best place to spend your golden years. But have you considered going South?
South Dakota, that is.
A new report from Bankrate.com analyzed factors like cost of living, tax burden, weather, crime and health care quality that people must weigh when determining a place to retire.
South Dakota came out on top with the best overall score. The landlocked state that’s home to Mount Rushmore placed first in well-being, second in taxes, 10th in cultural vitality and 12th in health care quality. Weather was the only category it didn’t fare well in (38th).
“Yes, South Dakotans enjoy a low tax burden, but they are also more satisfied with their lives than anyone else,” said Taylor Tepper, an analyst at Bankrate.com.
Faring the worst was New York, landing in the bottom 10 in three categories: cost of living, taxes and health care quality. New Mexico and Maryland rounded out the bottom three states.
Traditionally popular retirement destination Florida managed fifth place. It was dinged in scoring for it’s relatively high crime rate and poor health care rating. Arizona (29th) and Nevada (42nd) did not score as well. The main culprits in Arizona’s case were low ratings for cultural vitality and crime. Nevada was dragged down by health care quality, well-being and crime.
Want to know where your retirement destination state ranked? Read on:
Best states to retire
1. South Dakota
4. New Hampshire
20. North Dakota
32. New Jersey
33. West Virginia
34. Rhode Island
41. South Carolina
49. New Mexico
50. New York
Trade your sunglasses for snowsuits and umbrellas if you want to live in one the three best cities for enjoying your golden years. Buzz60’s Sean Dowling has more.
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