Are you dreaming of the day when you can say goodbye to the office and head to a beach for good? While you may have a specific place in mind for the latter part of your life, not every state is all that great for it, and a new report reveals which ones are the best and the worst.
- WalletHub looked at all 50 states to determine which are the best and worst to retire to.
- They judged each state based on 47 key indicators in areas of affordability, healthcare and overall quality of life.
- Now we we've all heard jokes about Florida being filled with old people, and they're funny, because apparently they are true.
- Florida once again tops the list as the best state to retire in.
- The Sunshine state scored a 59.41 out of 100 and landing at four for affordability, and five for overall quality of life.
- Alabama is tops for affordability, while Massachusetts is tops for quality of life and Minnesota, fifth overall, is number one for health care.
Ten Best States For Retirement
1. Florida
2. Virginia
3. Colorado
4. Delaware
5. Minnesota
6. North Dakota
7. Montana
8. Utah
9. Arizona (tie)
9. New Hampshire (tie)
- On the flipside, retirees are going to want to stay clear of New Jersey, which is dead last and scores only a 40.27, and is second to last for affordability and in the bottom half for quality of life and healthcare.
Ten Worst States For Retirement
- New Jersey
- Mississippi
- New York
- Kentucky
- Oklahoma
- Illinois
- Rhode Island
- Arkansas
- West Virginia
- Louisiana
Source:WalletHub