Key Highlights
- Guidance for retirees on states to consider and avoid from WalletHub’s recent rankings
- Wallethub used 45 metrics across three categories (affordability, quality of life and health care) to determine states’ ranking
Choice of Where to Retire Can Be an Important One
The promise of living a retired life can be filled with joyful anticipation or a source of great stress. Where one chooses to live in retirement can make all the difference.
WalletHub, a financial website, just released a study that ranks each of our 50 states in relationship to retirement. WalletHub used 45 metrics across three categories (affordability, quality of life and health care) to weigh its rankings.
Affordability
Affordability included measures such as cost of living, annual costs of adult day care and in-home services, inheritance laws and taxes. Obviously, housing and transportation costs were included within this category as well.
Health Care
Considerations under the heading of health care included, but were not limited to, the availability and quality of geriatric care, life expectancy and health of retired seniors, and COVID-positivity and death rates.
Quality of Life
Different quality of life issues were scored by variable weights. Some of those issues included the share of population aged 65+, public transportation, crime, food insecurity, and work/volunteer opportunities. Weather also came into play in each state’s overall scoring
WalletHub’sBest States for Retirees
Florida
- Affordability
- Quality of Life
Colorado
- Health care
- Affordability
Delaware
- Affordability
- Health care
Virginia
- Quality of life
- Affordability
North Dakota
- Health care
- Quality of life
Montana
- Affordability
- Health care
Idaho
- Quality of life
- Affordability
Utah
- Quality of life
- Affordability
Minnesota
- Health care
- Quality of life
New Hampshire
- Quality of life
- Health care
WalletHub’s 10 Worst States for Retirees
Illinois
- Affordability
- Quality of Life
Texas
- Quality of life
- Health care
Connecticut
- Affordability
- Quality of life
West Virginia
- Health care
- Quality of life
Kentucky
- Health care
- Quality of life
Rhode Island
- Affordability
- Quality of life
New Mexico
- Quality of life
- Health care
Mississippi
- Quality of life
- Health care
New York
- Affordability
- Health care
New Jersey
- Affordability
- Quality of life
Thanks to WalletHub and the New York Times.
