IL has been ranked as the 7th worst state for retirement.
The best state for retirees, according to Bankrate's list, might be a bit surprising.
Other factors considered in the nationwide analysis included weather, crime, cultural vitality and residents' overall sense of well-being. That is according to a new Bankrate.com report. "Yes, South Dakotans enjoy a low tax burden, but they are also more satisfied with their lives than anyone else".
Bankrate.com rated Arkansas, Louisiana, Maryland, New Mexico and NY the five worst states to retire in. And when it was all said and done, South Dakota came out on top as the best state for you to retire to when it's time.
The study looked at a number of factors including cost of living, taxes, health care quality, weather, crime and senior well-being.
The Bankrate study sourced the Agency for Healthcare Research and Quality, The Council for Community and Economic Research, Federal Bureau of Investigation, Gallup-Sharecare, National Oceanic and Atmospheric Administration, Tax Foundation, University of Hawaii at Manoa and Western States Arts Federation.
If retirement is in your near future, you may want to take note.
New York, meanwhile, makes life hardest on those who recently escaped the daily grind, coming in dead last at 50.
Utah, Idaho, New Hampshire and Florida followed to round out the top five destinations for the 65-and-older crowd to settle down for their golden years.
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