From WalletHub:
With almost 30 percent of all nonretired adults having no retirement savings or pension, the personal-finance website WalletHub today released its report on 2018’s Best & Worst States to Retire.
To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub compared the 50 states across 41 key metrics. The data set ranges from adjusted cost of living to weather to quality of public hospitals.
| Best States to Retire | Worst States to Retire | ||||
| 1 | Florida | 41 | Alabama | ||
| 2 | Colorado | 42 | Hawaii | ||
| 3 | South Dakota | 43 | New Mexico | ||
| 4 | Iowa | 44 | Louisiana | ||
| 5 | Virginia | 45 | West Virginia | ||
| 6 | Wyoming | 46 | Arkansas | ||
| 7 | New Hampshire | 47 | Mississippi | ||
| 8 | Idaho | 48 | Rhode Island | ||
| 9 | Utah | 49 | New Jersey | ||
| 10 | Arizona | 50 | Kentucky | ||
Best vs. Worst
- Mississippi has the lowest adjusted cost-of-living index for retirees, 84.91, which is 2.2 times lower than in Hawaii, where it is highest at 185.73.
- Louisiana has the lowest median annual cost of elderly housekeeping, $34,320, which is 1.9 times lower than in North Dakota, where it is highest at $63,972.
- Alaska has the highest share of the population aged 65 and older still working, 23.01 percent, which is 1.8 times higher than in West Virginia, where it is lowest at 12.56 percent.
- Florida has the highest share of the population aged 65 and older, 19.1 percent, which is two times higher than in Alaska, where it is lowest at 9.4 percent.
To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/best-and-worst-states-to-retire/18592/
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