It’s never too early to start thinking about retirement, especially where you want to live out your golden years. According to a new survey, traditional choices may not be the best options for retirees.
According to a new Bankrate survey, more and more people are trading warm beaches for chilly plains when they retire.
“What we really want to look was essentially the factors that make retirement locations either attractive or not so much,” said Mark Hamrick from Bankrate.
Although Florida has traditionally been a popular destination for retirees, it didn’t top the list of this year’s best places to retire. That honor goes to South Dakota.
“It might surprise people that South Dakota comes out on top of the list,” Hamrick said.
The survey looked at seven factors including cost of living, weather, and health care quality.
“That includes the availability of healthcare because as we all get older, one way or the other, we’re going to need healthcare,” Hamrick said.
The Mount Rushmore State is followed by other cold weather locations: Utah, Idaho, and New Hampshire. The Sunshine State barely cracked the top five.
“Where Florida is dinged is, broadly speaking, the quality of healthcare,” Hamrick said. “It’s healthcare system broadly is not regarded as being terribly good.”
New York checked in as the worst place to retire.
“If you’re not able to make your dollars go farther, the weather is sort of irrelevant,” Hamrick said.