Study: South Dakota named best state for retirees - Cincinnati News, FOX19-WXIX TV

Study: South Dakota named best state for retirees

(FOX19) -

Florida and Arizona may be home to some of the country's most popular retirement spots, but South Dakota is actually the best state for retirees, according to new research from Bankrate.com.

The website looked at several factors to determine which states offer the best quality of life for seniors.  The factors include local weather, cost of living, crime rate, health care quality, tax burden and well-being -- a measurement from the Gallup-Healthways Well-Being Index that quantifies how satisfied residents are with their surroundings.

South Dakota came out on top due to its low tax burden, low crime rate and high wellness score. Other states that round out the top five best states to retire are Colorado, Utah, North Dakota and Wyoming.

The five states that ranked the lowest for retirement are New York, West Virginia, Alaska, Arkansas and Hawaii.

Indiana ranks 35, Ohio ranks 38 and Kentucky ranks 41.

The full list can be seen in its entirety here: http://www.bankrate.com/finance/retirement/best-places-retire-how-state-ranks.aspx

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