South Dakota named the best state to retire in

Panorama of Rapid City South Dakota USA

Panorama of Rapid City South Dakota USA

The best state in which to retire according to the study is South Dakota. You can also see each state's rankings in the seven categories they were ranked on.

California: The seaside state is near the bottom for cost of living and taxes.

Bankrate.com compiled its list using data from 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 the Western States Arts Federation.

Rounding out the top five were Utah, Idaho, New Hampshire and Florida, which ranked second in weather. 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. Weather was the only metric to hit the bottom rung of the ranking ladder.

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'All this together shows what people should be looking for, and that doesn't necessarily mean move to some place warm, ' he said, noting that Arizona is a popular retirement destination despite ranking 29th.

Planning on retirement? According to a Bankrate study, you might not want to do it in Maryland.

You've retired. It's time to kick your feet up and enjoy some much-needed relaxation.

States were ranked on cost of living, overall crime rate, well-being, taxes and cultural vitality. The Bayou State fared poorly for having high crime, bad health care and high taxes, while Arkansas had low scores on culture, health care and crime.

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