Why South Dakota is the new Florida

Florida and Arizona without doubt have the most amazing weather, however with regards to quality of life; South Dakota tops the new list of Preferable States for Retirement according to Bank rate.com.

The state has quite a lot going for it: an inexpensive living, very low crime rate, lower tax burden, excellence health care among other things and those who live there feel good about their communities.

The rest of the leading five best states to retire are: North Dakota Colorado, Utah and Wyoming. Arizona (16) and Florida (39) could not even make the top 10.

Even though the states that were rated highly might not be regarded as a haven for retirees, it is important that seniors consider more than sunshine when selecting a place for their golden years. Both North and south Dakotas made it into Bank rate’s top 10 for the second year in a row.

According to the Bank rate.com analysis The 5 states that ranked the lowest are Hawaii, Arkansas, Alaska, West Virginia and New York.

Obviously, no one makes a decision on where to retire based on a survey of some data points, like weather or taxes. On many occasions, the move is made to be close to family, however if you are thinking about places to relocate once you retire, you may perhaps compare how different states rate on a few factors.

Most Tax Friendly Places for Retirees

Smart Asset’s interactive map highlights the places in the country with tax policies that are most favorable to retirees. Smart Asset’s interactive map Zoom between states to see the most tax-friendly places in each area of the country. Smart Asset’s study aims to find the areas with the most tax-friendly policies for retirees. They look at how the tax policies of each city are going to affect a retiree with a $50,000 income.