Transportation costs in South Dakota are the seventh-lowest in the nation, but this is countered by the high cost of healthcare, which at $6,958 is more than 5% above the national average of $6,620 per year. Although residents enjoy having no state income tax, it takes more money to retire comfortably here than in about half of the states. You’d need $1,219,971.75 in savings to generate enough retirement income for 20 years.
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