South Dakota ranked as the nation's No. 2 state for retirement, due largely to a low tax rate.
South Dakota ranked as the nation's No. 2 state for retirement, due largely to a low tax rate.
Mar 7, 2016

SD Ranked No. 2 Retirement State

South Dakota's low taxes and the happiness of state residents earned a No. 2 ranking as a retirement hotspot from

South Dakota has one of the nation's lowest tax burdens at 7.1 percent, or an average of $3,318 per resident. That level of taxation ties South Dakota with the No. 1 retirement state, neighboring Wyoming. Only Alaska, with a tax rate of  6.5 percent, is lower.

Bankrate used data from Gallup-Healthways Well-Being Index, the Agency for Healthcare Research and Quality and other sources to rank all 50 states based on factors important to seniors: cost of living, quality of health care, taxes, crime and overall well-being.

Four of South Dakota's neighboring states also were ranked in the top 10. Besides No. 1 Wyoming, Montana ranked No. 6, Iowa ranked No. 8 and Nebraska ranked No. 10. 


Related items

  • Nursing Pays In South Dakota

    A great deal of concern has been voiced recently regarding wages for registered nurses (RNs) in South Dakota. A recent article argued that South Dakota’s…
  • Labor Market Report Demonstrates Need for Diversified Economic Development

    The South Dakota Department of Labor and Regulation (SDDLR) recently released an expansive review of the state’s labor market conditions. The report provides insights into…
  • South Dakota Sees Small Growth In Personal Income Compared To Neighbors

    According to new estimates released by the U.S. Bureau of Economic Analysis (BEA), personal income increased in 2,787 U.S. counties, decreased in 318, and remained…
  • Rural Broadband Deployment in South Dakota Ahead of National Averages

    Rural South Dakotans have greater access to wired broadband telecommunications services than many of their counterparts across the country, according to a new report released…
  • South Dakota Economy Shows Strong Earnings Growth

    The US Bureau of Economic Analysis released its Q1 Personal Income report on June 21, 2018. The report showed signs that the South Dakota economy…

525 University Loop, Suite 202
Rapid City, SD 57701
(605) 716-0058   [email protected]