What are the best states to retire at in 2018?
WalletHub compiled a list of the best and worst states for retirement this year, considering a number of financial factors that affect the type of life you would have in each of these states. The publication used 41 key metrics of retirement-friendliness to analyze how well it would be to retire at each of these spots.
The team looked at affordability, health care and insurance costs and overall quality of life, and calculated a score for each state. The higher the number, the more retirement friendly each area is.
Unsurprisingly, the East coast and West coast states were not in the top 10 due to the fact that these cultural hubs have become more and more expensive to retire at over the years.
Browse through the next few slides and check out which states top the list.
Best States for Retirement #10: Arizona
- Affordability Rank: 21
- Quality of Life Rank: 21
- Health Care Rank: 17
- Total Score: 60.67
Best States for Retirement #9: Utah
- Affordability Rank: 22
- Quality of Life Rank: 24
- Health Care Rank: 12
- Total Score: 61.14
Best States for Retirement #8: Idaho
- Affordability Rank: 11
- Quality of Life Rank: 20
- Health Care Rank: 25
- Total Score: 61.39
Best States for Retirement #7: New Hampshire
- Affordability Rank: 29
- Quality of Life Rank: 14
- Health Care Rank: 4
- Total Score: 61.51
Best States for Retirement #6: Wyoming
- Affordability Rank: 4
- Quality of Life Rank: 30
- Health Care Rank: 29
- Total Score: 61.66
Best States for Retirement #5: Virginia
- Affordability Rank: 18
- Quality of Life Rank: 9
- Health Care Rank: 21
- Total Score: 62.02
Best States for Retirement #4: Iowa
- Affordability Rank: 26
- Quality of Life Rank: 11
- Health Care Rank: 9
- Total Score: 62.46
Best States for Retirement #3: South Dakota
- Affordability Rank: 2
- Quality of Life Rank: 32
- Health Care Rank: 6
- Total Score: 65.89
Best States for Retirement #2: Colorado
- Affordability Rank: 23
- Quality of Life Rank: 8
- Health Care Rank: 2
- Total Score: 66.17
Best States for Retirement #1: Florida
- Affordability Rank: 1
- Quality of Life Rank: 5
- Health Care Rank: 20
- Total Score: 66.79
