MoneyRates.com ranks South Dakota as 9th best place to retire - KSFY News - Sioux Falls, SD News, Weather, Sports

MoneyRates.com ranks South Dakota as 9th best place to retire

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South Dakota continues to make top 10 lists--- this time as one of the best states in which to retire.

According to the 2012 MoneyRates.com analysis of Best and Worst States for Retirement, South Dakota ranks ninth on the list beating out California and Texas in a tie for tenth. The rankings are based on senior population growth, economic conditions, crime rate, climate and life expectancy.

According to MoneyRates.com, "The cold climate in this state probably explains why it hasn't traditionally attracted seniors in large numbers, but those seniors that do live there have one of the highest average life expectancies in the nation. The crime rate is also one of the lowest in the U.S."

Despite the high cost of living Hawaii took top honors because of its long life expectancy—which could also be linked to its welcoming climate. Michigan was ranked the worst place to retire due to economic factors and a low score for climate.

Here's MoneyRates.com's list of the Best States for Retirement:

1. Hawaii

2. Idaho

3. Utah

4. Arizona

5. Virginia

6. Colorado

7. (tie) Florida

7. (tie) New Mexico

9. South Dakota

10. (tie) California

10. (tie) Texas

The 10 worst states for retirement according to MoneyRates.com's 2012 study:

1. Michigan

2. (tie) Pennsylvania

2. (tie) Alaska

4. Illinois

5. Massachusetts

6. (tie) Ohio

6. (tie) New York

8. Maine

9. Maryland

10. Rhode Island

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