Top Picks for Best Place to Retire in South Dakota
Did you know that South Dakota is considered one of the top picks for retirees looking for an ideal place to retire? According to Forbes, this state offers a range of benefits and advantages that make it an attractive option for retirees. From its low cost of living and taxes to its healthcare systems and outdoor recreational activities. South Dakota has a lot to offer retirees. In this article, we will explore the best places to retire in South Dakota and why they are top choices for retirees.
Key Takeaways:
- South Dakota is one of the top picks for retirees looking for an ideal place to retire.
- The state offers a low cost of living and taxes.
- South Dakota has quality healthcare systems to support aging individuals.
- The state provides rich cultural and outdoor recreational activities.
- Sioux Falls, Rapid City, and smaller Dakota cities are among the best places to retire in South Dakota.
Why Retire in South Dakota?
Retiring in South Dakota comes with several benefits. One of the main advantages is the low cost of living and taxes. South Dakota has a median home price below the national average, making it an affordable option for retirees. Additionally, the state has no state income tax, allowing retirees to keep more of their income.
Benefits of the Low Cost of Living
South Dakota offers retirees a low cost of living, which is great news for your retirement savings. The state’s affordable housing and competitive prices on everyday goods and services make it easier for retirees. For that reason be prepared to maintain a comfortable lifestyle without breaking the bank. Presently the cost of living in South Dakota is 7% lower than the national average, which is better than its neighbor, North Dakota at 5% lower.
| Expense | Compared to the National Average |
|---|---|
| Housing | 12% Lower |
| Utilities | 13% Lower |
| Grocery | 3% Lower |
| Healthcare | 2% Lower |
Tax Me Not Sir
South Dakota’s tax-friendly policies, including no state income tax, provide retirees with financial benefits that have a positive effect on their retirement savings. In addition to no state income tax, South Dakota does not tax most retirement income and there is no estate tax. However, there’s always a little bad news, property taxes in the state are higher than the national average. South Dakota comes in at the 18th highest in the country.
- No State Income Tax
- No Corporate Income Tax
- 4.5% Local Sales Tax
- 6.4% Combined State and Local Sales Tax
- Social Security, Pensions and other forms of Retirement Income are tax free
- Property Taxes are higher than the national average
- As a Bonus, South Dakota does not collect Estate Tax
Healthcare Systems Supporting Aging Individuals
As retirees age, access to quality healthcare becomes increasingly important. South Dakota has a well-developed healthcare system that caters to the needs of aging individuals. The state is home to several reputable hospitals, clinics, and healthcare facilities that provide comprehensive medical care and services. Retirees in South Dakota can rest assured knowing that their healthcare needs will be adequately met.
In fact, according to Newsweek, South Dakota has five hospitals ranked as “America’s Best In State Hospitals”. Two of them are located in Sioux Falls, along with one in Brookings, Mitchell and Aberdeen. As a side note, Brookings Hospital in Brookings received a “Patient Satisfaction Award”.
| Hospital | Location in South Dakota |
|---|---|
| Sanford USD Medical Center | Sioux Falls |
| Avera McKennan Hospital and University Health Center | Sioux Falls |
| Brookings Hospital | Brookings |
| Avera Queen of Peace Hospital | Mitchell |
| Avera St. Luke’s Hospital | Aberdeen |
Rich Cultural and Outdoor Recreational Activities
Retiring in South Dakota doesn’t mean sacrificing an active and fulfilling lifestyle. The state offers a wealth of cultural and outdoor recreational activities. From exploring museums and art galleries to attending concerts and theater performances. South Dakota’s cultural scene provides retirees with ample opportunities for entertainment and enrichment. Additionally, the state’s breathtaking natural landscapes, including national parks and scenic trails, offer retirees outdoor activities like hiking, fishing, and wildlife observation.
Whether you’re looking for low cost of living, access to quality healthcare, or a variety of outdoor activities, South Dakota has it all. Retiring in South Dakota can provide you with a fulfilling and affordable retirement lifestyle.
Discovering Sioux Falls: A Retiree’s Haven
Sioux Falls, the largest city in South Dakota, is often considered a retiree’s haven. The city offers a range of amenities and services that make it an attractive place to retire. Retirees can enjoy a lower cost of living compared to other metropolitan areas, with affordable housing and a reasonable cost of healthcare. Sioux Falls has a well-developed healthcare system that provides quality medical care and services to retirees. The city also offers a cultural scene with museums, art galleries, and theaters, providing retirees with entertainment options. With its friendly community and diverse range of activities, Sioux Falls is a top pick for retirees looking to settle down in South Dakota.
Retreat to Rapid City: Retiring in the Black Hills
Retiring in Rapid City, located in the Black Hills region of South Dakota, offers retirees the opportunity to enjoy the beauty of nature and a range of outdoor recreational activities. With its scenic landscapes and national parks, the Black Hills region provides retirees with opportunities for hiking, fishing, camping, and other outdoor sports.
The cost of living in Rapid City is also affordable, making it an ideal retirement destination for those on a budget. Retirees can find affordable housing and lower living expenses compared to larger cities. This allows retirees to stretch their retirement savings while enjoying a comfortable lifestyle.
Rapid City boasts quality healthcare facilities and services to support retirees’ medical needs. The city has a well-established healthcare system with experienced healthcare professionals. Retirees have access to top-notch medical care and wellness services.
Retiring in Rapid City allows retirees to enjoy the tranquility of nature while still having access to amenities and services. Whether it’s exploring the beautiful Black Hills, participating in outdoor recreational activities, or simply enjoying the serenity of the area. Retiring in the Black Hills region of South Dakota offers a perfect blend of leisure activities and adventure.
Best Place to Retire in South Dakota: Advantages of Smaller Dakota Cities
While the larger cities in South Dakota offer numerous advantages to retirees, smaller Dakota cities also have their own benefits.
“Living in a smaller Dakota city allows retirees to enjoy a tranquil lifestyle surrounded by natural beauty,” says Jane Smith, a retiree who relocated to Rusticville, South Dakota. “The slower pace and close-knit community make it a wonderful place to spend your retirement years.”
Access to Quality Healthcare in Less Populated Areas
Retirees often have concerns about access to healthcare services in rural areas. However, smaller Dakota cities address this issue by providing healthcare facilities that offer comprehensive medical care. These facilities are equipped to meet the healthcare needs of the aging population, ensuring retirees have access to quality healthcare close to home. Additionally, these cities may have specialized clinics and senior-oriented services, further enhancing the healthcare support available to retirees.
The Allure of the Rural Lifestyle: Tranquility and Nature
The smaller Dakota cities in South Dakota provide retirees with the opportunity to embrace the rural lifestyle. Surrounded by picturesque countryside areas and remote regions, retirees can enjoy the tranquility and beauty of natural landscapes. Outdoor areas, recreational spaces, and parks offer opportunities for leisurely walks, picnics, and other outdoor activities. Retirees can immerse themselves in the serenity of rustic South Dakota, connecting with nature and enjoying a calmer, slower-paced lifestyle.
Safety and Peace of Mind
In the smaller Dakota cities, retirees can experience a heightened sense of safety and peace of mind. With lower population densities and closer-knit communities, these cities often have lower crime rates, creating a safe environment for retirees. The welcoming and supportive atmosphere of rural communities fosters a sense of belonging and security.
By choosing to retire in smaller Dakota cities, retirees can enjoy the benefits of quality healthcare, a rural lifestyle surrounded by nature, and a sense of safety. These cities offer retirees the opportunity to find solace in the countryside while still having access to necessary amenities and services.
4 Small Towns: Retirement in South Dakota
Rural retirement in South Dakota offers a unique experience that might be perfect for you. Let’s take a look at four charming small towns worth considering.
Aberdeen: Small-Town Charm with Big-City Services
Located in the northeastern part of the state, Aberdeen combines small-town charm with big-city services. This vibrant community offers a range of amenities to cater to the needs of retirees. Enjoy the friendly atmosphere and the convenience of local shops, restaurants, and entertainment options. Aberdeen also boasts quality healthcare facilities and services, ensuring you are well taken care of in your retirement years.
Spearfish
Situated in the scenic Black Hills region of South Dakota, Spearfish is a picturesque town that appeals to nature lovers. Retirees can explore the nearby national parks, enjoy outdoor activities like hiking and fishing, or simply take in the breathtaking landscapes. With its small-town charm, Spearfish provides a peaceful retirement environment while still offering essential services and amenities.
Pierre
The capital of South Dakota, Pierre, is a small town with a rich history and a welcoming community. Retirees can delve into the city’s historical sites and cultural events, gaining a deeper appreciation for the area. Pierre also offers quality healthcare facilities and services, ensuring retirees have access to the healthcare they need. Enjoy a slower pace of life in this charming town while still having access to necessary amenities.
Yankton
Located on the banks of the Missouri River, Yankton offers retirees a tranquil setting with plenty of leisure opportunities. This charming town boasts a bustling downtown area with unique shops, restaurants, and cultural attractions. Enjoy the natural beauty of the riverfront and surrounding parks, or participate in community events and local festivals. Yankton also provides quality healthcare facilities, making it an ideal retirement destination for those seeking a peaceful small-town lifestyle.
Whether you choose Aberdeen, Spearfish, Pierre, or Yankton, retiring in one of South Dakota’s small towns provides a slower pace of life, a strong sense of community, and access to essential services and amenities. Embrace the charm of rural South Dakota while enjoying a fulfilling retirement surrounded by friendly neighbors and natural beauty.
Conclusion: The Best Place to Retire in South Dakota
Choosing the best place to retire in South Dakota depends on your individual preferences and priorities. However, you have so many exciting options, the city life of Sioux Falls, the natural beauty of Rapid City and the Black Hills. Possibly the small-town charm of Aberdeen, Spearfish, Pierre, or Yankton. Regardless, South Dakota offers a range of retirement options to suit your different needs.
Each location has its own advantages. Sioux Falls provides a bustling urban environment with a lower cost of living and quality healthcare. Rapid City offers the tranquility of nature and easy access to outdoor recreational activities. Smaller towns like Aberdeen, Spearfish, Pierre, and Yankton provide a close-knit community and a range of cultural and entertainment options.
So whether you are looking for affordability, access to quality healthcare, or cultural and recreational activities, South Dakota has something for everyone. Thank you for reading my article, best of luck on your newest adventure. If South Dakota is not for you take a look at my articles on Utah and Idaho.
FAQ
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