This Midwest State Was Crowned BEST For Retirement In 2024!

🏡 Discover affordable living, stunning nature, and tax-friendly environments in the Midwest. Find out which state is BEST in 2024! 💰 #RetireInTheMidwest #BestRetirementStates #AffordableRetirement

Sioux Falls, SD – Are you looking for the perfect place to spend your golden years? Look no further than South Dakota! This Midwestern gem has recently been named the best state to retire in 2024, and it’s easy to see why.

Affordable Living and Tax-Friendly Environment

With the average Social Security benefit at $1,907 (in January 2024) and the average spending at $4,345, it’s important to make your retirement savings stretch as far as possible. South Dakota’s cost of living index is just 92.4, making it the seventh lowest in the country. Plus, there’s no state income tax, which means more money in your pocket to enjoy your well-deserved retirement.

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Natural Beauty and Active Lifestyle

South Dakota is a nature lover’s paradise, boasting stunning attractions like the Black Hills, Badlands National Park, and countless lakes and rivers. Retirees can stay active and immerse themselves in the great outdoors by hiking, fishing, boating, and wildlife viewing. It’s the perfect way to maintain a healthy and engaging lifestyle in your later years.

Home Values and Rental Prices

If you’re considering purchasing a home in South Dakota, you’ll be pleased to know that the median home value is $292,551 – a whopping $50,000 less than the national median. Cities like Florence, Henry, and Lead have seen property values skyrocket by more than 50 percent in the past five years, making them smart investment choices. If renting is more your style, expect to pay around $759 for a cozy one-bedroom apartment.

Iowa: Another Top Retirement Destination

Not far behind South Dakota on the list of best retirement states is Iowa, which boasts a cost of living index of just 90.3. Des Moines, in particular, has one of the most affordable housing markets in the country, making it an attractive option for retirees looking to settle down in the Midwest.

Conclusion

South Dakota’s combination of affordable living, tax-friendly environment, natural beauty, and active lifestyle makes it the ultimate retirement destination for 2024. With Iowa following close behind, retirees have excellent options in the Midwest to make the most of their golden years. Click here for the full report.

Whether you choose to settle down in South Dakota or explore the budget-friendly city of Des Moines in Iowa, you’ll find welcoming communities, adequate healthcare, and the perfect blend of affordability and natural splendor. Happy travels!