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 Bankrate.com

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. 

 

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