📈 Investment & Retirement Calculators South Dakota

South Dakota Retirement Calculator

Plan your retirement in South Dakota. Factor in lower cost of living and no state income tax. Free calculator.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

South Dakota Quick Facts

None Income Tax Rate

1.31% Property Tax Rate

$63,920 Median Income

92.6 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for South Dakota. South Dakota has no state income tax — a major advantage for retirees. Cost of living index: 92.6 (100 = national avg). Desired income is pre-filled based on 80% of South Dakota's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in South Dakota: South Dakota has no state income tax — a major advantage for retirees. Cost of living: 92.6/100. Property tax: 1.31%. Median home: $270,000. As a no-income-tax state, South Dakota is among the most popular retirement destinations. Average home insurance: $2,800/yr.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Tax Foundation, SSA

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

Is South Dakota a good state to retire in?

Yes, South Dakota is very popular with retirees because it has no state income tax. Cost of living is near the national average. Median home price: $270,000.

How much do I need to retire in South Dakota?

Using the 4% rule, to generate $4,261/month (80% of South Dakota median income) you'd need approximately $1,278,400 saved. Adjust up or down based on your lifestyle and housing costs.