Here Are the Best (and Worst) States to Retire

Here Are the Best (and Worst) States to Retire

Here Are the Best (and Worst) States to Retire

New Mexico and Maryland tied for the second-worst spot on the list.

Crunching data from several sources, Bankrate said that South Dakota is the best state to retire in, and NY is the worst. "Residents in the other top states feel similarly".

Satisfaction with overall living conditions was enough to outweigh South Dakota's less-than-ideal weather, which unsurprisingly ranked 38th, Bankrate.com analyst Taylor Tepper said in a statement.

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Things counting against South Dakota were the state's cost of living score, overall crime rate and, not surprisingly, the weather. 'Yes, South Dakotans enjoy a low tax burden, but they are also more satisfied with their lives than anyone else.

Utah, Idaho, New Hampshire and Florida followed to round out the top five destinations for the 65-and-older crowd to settle down for their golden years.

If you're thinking about retirement - or just dreaming about it - you might be wondering where you should land.

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The study ranked NY as the worst state to retire because the state landed in the bottom 10 for cost of living, taxes and healthcare quality.

New York, meanwhile, makes life hardest on those who recently escaped the daily grind, coming in dead last at 50.

The publication looks at factors such as cost of living, weather, taxes, crime rate and culture to decide if it's worth retiring on a state or not.

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