New Data Reveals the 5 Best States to Boost Your Retirement Savings in 2024

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This article looks at the 5 best states to help you boost your retirement savings. If you wish to check out our detailed analysis on boosting savings in the Peak 65 era, jump to 15 Best States to Help You Boost Your Retirement Savings.

5. South Dakota

Insider Monkey Score: 87

South Dakota has been ranked by Insider Monkey as the best state to retire in the US in 2024. Its ideal balance of affordability, retirement tax friendliness, and low tax burden makes it an ultimate choice for retirees and individuals looking to save more of their dollar incomes. Living expenses in the state are 8.8% lower than the national average, while the overall tax burden is 6.44%.

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