South Dakota named the best state to retire in

Panorama of Rapid City South Dakota USA

The survey heavily weighed cost of living, taxes, health care quality and weather, and took other factors into account, as well.

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. Anyone who wants to spend their retirement years away from home has a ton of research to do, but consumer financial service company Bankrate put together a ranking of all US 50 states to help decide where to go after their life's work is done.

The best state to retire in is South Dakota according to the study, followed by Utah, Idaho, New Hampshire and the ever-popular retirement haven, Florida.

"No one would think of South Dakota as a victor to retire".

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IL has been ranked as the 7th worst state for retirement. It was also the top state for well-being, based on Gallup's 2017 data on the subject.

Nevada did not rank well for healthcare quality, well-being, and crime, but it did rank high for taxes, according to the study.

New York, meanwhile, lost out largely due to its' low rankings on cost of living (50th place), taxes (49th) and health care quality (41st).

South Carolina: South Carolina is number 46 in crime, making it among the worst states to retire in 2018.

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