WalletHub’s recent study on the best states to retire in revealed that Virginia has claimed the top spot, beating last year’s winner, Florida. The study took into account affordability, quality of life, and access to healthcare in all 50 U.S. states. Virginia ranked 16th for affordability and 11th for both quality of life and health care, making it the most retirement-friendly state overall. On the other hand, Florida was ninth in affordability and fourth in quality of life, but its ranking of 28th for health care brought down its overall ranking.
However, choosing a retirement location depends on individual priorities and goals, as mentioned by Professor Dawn Carr at Florida State University. Living expenses and proximity to family are some of the important factors to consider. Therefore, it’s recommended to visit potential retirement locations at different times of the year to get a feel for the area and opportunities available. As Professor Kathy Black at the University of South Florida suggests, choosing a retirement location is a significant decision that requires research and evaluation of personal desires and assumptions.
Here are the 10 best states to retire in, according to WalletHub:
- Virginia
- Florida
- Colorado
- Wyoming
- Delaware
- New Hampshire
- South Dakota
- Minnesota
- Idaho
- North Dakota
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