Best Places to Retire in South Dakota
Sioux Falls is named one of the best cities in America to retire. With median home prices lower than the national average, it’s affordable. Sioux Falls offers high quality, affordable retirement living.
Affordable Living and Quality of Life
If you want an affordable place to retire, consider Sioux Falls. It’s ranked the 5th best city to retire in the U.S. Analysts compared 150 cities on affordability, quality of life, healthcare and recreation. Sioux Falls has over 660 eateries featuring various cuisines for retirees to explore. With median home prices at $180,100 versus $216,200 nationally, housing is relatively cheap.
Tax Benefits and Local Attractions
Forbes named Sioux Falls one of the 25 best cities for retirees again in 2022. South Dakota is tax-friendly for retirees, ranked the best state for taxes in 2018. The Midwest offers appealing 55+ communities in South Dakota too. Overall tax rates are among the lowest nationwide, with no state income or Social Security taxes.
Outdoor Activities and Social Life
In nice weather, Sioux Falls is great for getting out and about. In winter, many flock south to Arizona or Florida while some overwinter in the Black Hills. There are more opportunities for socializing in Sioux Falls than most other regional cities.
Housing and Healthcare Options
Sioux Falls offers various housing like condos, apartments, town homes and affordable houses for retirees. With over 80 parks, there are many opportunities to be in nature.
South Dakota’s Retirement Friendliness
South Dakota ranks as the best state for retirement in the United States. Living in Sioux Falls offers residents a dense suburban feel and most residents own their homes.
“To determine the best states to retire, WalletHub compared the 50 states across 47 key indicators of retirement-friendliness. Our analysis examines affordability, health-related factors and overall quality of life.”
Natural Beauty and Housing Affordability
South Dakota is a haven for nature lovers. Located in southeastern South Dakota, Sioux Falls is a quaint river city with a median home price of $246,000. Median home prices in South Dakota are $235,500, making this appealing to retirees.
Overall Living Experience
Sioux Falls, the most populous city in South Dakota, offers a variety of housing options such as condos, apartments, town homes, and affordable houses. In Sioux Falls, residents also experience all four seasons. Rapid City, the seat of Pennington County, South Dakota, is situated on the eastern side of the Black Hills and is home to less than 80,000 people.
Financial Advantages for Retirees
Moreover, South Dakota has no individual income tax, which is a significant boon for retirees living on a fixed income. Housing, healthcare, and everyday living expenses are reasonable, making South Dakota a financially sound choice for retirement.