Some folks are counting the days until they can leave the office for the very last time and retire, while others worry that day may never come for them. Where you live after you retire can make a big difference in how far your money goes and new research reveals the places that will help make your savings go further.
- WalletHub has just released their list of the Best and Worst States to Retire in 2024.
- They ranked each state on 46 key indicators of retirement-friendliness, including financial factors like tax rates and the cost of living, as well as things like access to quality medical care and weather.
- Topping the list as the best state to retire in is Florida, once again.
- The Sunshine state is number one in the quality of life category and fourth for affordability.
- Alabama, 24th overall, is first for affordability, while Minnesota, eighth overall, is number one for health care.
- Kentucky comes in last overall, making it the worst state to retire in, landing near the bottom of the health care and quality of life categories.
Top 10 Best States for Retirement
(Check out where your state lands here)
- Florida
- Colorado
- Virginia
- Delaware
- Wyoming
- Idaho
- New Hampshire
- Minnesota
- Montana
- Pennsylvania
The 10 Worst States for Retirement
- Kentucky
- New Jersey
- Mississippi
- Rhode Island
- Oklahoma
- Louisiana
- New York
- Washington
- Arkansas
- Illinois
Source: WalletHub