Top 10 Best States to Retire In

When people begin nearing the age of retirement, many people start thinking of where they would like to retire. For some, it’s obvious: Maybe you want to stay right where you are, surrounded by family, or maybe you’d like to move to be closer to family if you currently live far away. But if that isn’t your driving concern, there are a lot of factors to consider! Climate, cost of living, health care, taxes, and more are all important factors in how friendly a state is to retirees. And with so many different factors, the list changes every year. Read on to discover the top ten retiree-friendly states in the United States in 2018.

 

  1. Florida

Long a destination for retirees due to its warm climate, it’s no surprise that Florida continues to top the list of retiree-friendly states. High in affordability and quality of life, Florida is one of the most popular destinations for retirees. According to Wallet Hub, however, it only ranks 20 when it comes to health care. Despite this, it ranks highly enough in every other category to send it to the top of the list.

 

  1. Colorado

Coming in second is Colorado, largely because of its healthcare, scoring in second place for health care in the country, and in eighth place for quality of life. While it’s not quite as affordable as Florida, retirees are recognizing the other benefits of the state and flocking to the West.

 

  1. South Dakota

Scoring high on this list, South Dakota is second only to Florida in overall affordability, making it an attractive choice for retirement. It also ranks highly in health care, making it a good choice for retirees wanting to ensure that their health is looked after as well as possible. While it scores a bit lower on overall quality of life, there are definite advantages to living in South Dakota.

 

  1. Iowa

Another Midwest state on the list! Iowa scores highly in quality of life and healthcare, although its overall affordability is a bit lower. With easy access to much of the Midwest (and therefore, much of the country), Iowa is a great choice for retirees looking to travel.

 

  1. Virginia

Virginia ranks in the top 10 states in the country for quality of life and is more affordable than either Iowa or Colorado. That, coupled with the attractive area, temperate climate, and proximity to major cities, makes Virginia one of the best states to retire to.

 

  1. Wyoming

Western states dominate this list, and it’s largely because of their low cost of living compared to the rest of the country. Ranked at number four in the country for affordability, it also scores in the middle range in terms of both quality of life and health care.

 

  1. New Hampshire

The Life Free or Die State makes it into the top 10 best states to retire in largely because of its excellent health care and high quality of life. In terms of quality of life, it’s ranked fourth in the country. New Hampshire does less well when it comes to affordability, but it’s hard to beat their healthcare and resident satisfaction.

 

  1. Idaho

Another affordable western state! Idaho is ranked 11th in the country in terms of affordability, making it an ideal destination for retirees. It also ranks in the top half in terms of quality of life and comes square in the middle at number 25 in terms of health care.

 

  1. Utah

This Western state receives generally high marks all around, but looks especially good in terms of health care, which is ranked 12th in the country.

 

  1. Arizona

Similar to Florida, Arizona is a great choice for retirees looking for a warm climate year-round. This Southwestern state features good healthcare, good quality of life, and a good rate of affordability.

 

One final bonus state… Minnesota

Just barely edged out of the top ten by a tenth of a percentage point, Minnesota sits in eleventh place as one of the best states to retire to. The high cost of living is certainly a downside, but the state ranks number one in the country in bothhealth care and quality of life. For retirees with alittle extra cash on hand, Minnesota is definitely worth a look.