The website WalletHub did extensive research to find best states for retirement. Part of their methodology was comparing all 50 states across three crucial dimensions. These dimensions were: health care, affordability, and the quality of life.
They used multiple metrics to judge these dimensions and then calculated each weighted average across all the metrics to finally score and rank each state. Check out which ones are top of the charts for worst retirement spots!
On one hand, Oklahoma is extremely affordable, which is always a plus; on the other hand, the quality of life and healthcare are so much worse than the other states that you're better off spending more dimes for a better standard of retirement.
The biggest benefit to Georgia is that it's right next to Florida, widely considered the best possible state to retire to. Use it as a jumping off point, but don't settle down in Georgia!
Maryland is indeed a 'merry land'; the quality of life and the healthcare costs are considered very good! However, the costs of living there are very, very high, so unless you have lots of money saved up, it's best to look for another location.
Vermont is a wonderful place if you want to be as close as possible to Canada for an escape. Its affordability is considered dismal though, so if you want to save some bucks, steer clear!
There's no debating that the quality of life in New York is incredible, but steep costs can make it a daunting place to think about retiring in.
Alabama is considered very affordable, but it might be because nobody wants to be there; it ranked near dead-last in both quality of life and healthcare. 'Sweet Home Alabama'...not so much!
A wonderful place to vacation, it is, unfortunately, a very difficult place to retire to because of the cost; it ranked 49th out of the 50 states in terms of affordability.
'New' Mexico is no place for us old folk. Go for a visit, not to live!
Louisana is decently affordable, but the dismal rankings in quality of life and healthcare suggest that there are better alternatives. The Gulf of Mexico is nearby if you want a swim though!
'Wild and Wonderful' it says on the sign, but the stats on West Virginia say anything but that. Stay away!
Arkansas managed to rank dead last in quality of life during retirement. Is there anything else that needs to be said?
Cross that river and keep on walking, because aside from affordability, Mississippi is not worth the retirement.
In terms of affordability and quality of life, you can't do much worse than Rhode Island. Stay away!
Forget the Jersey Boys, New Jersey is not the place you want to be. While it didn't place too poorly in quality of life and healthcare, it ranked dead last in affordability.
Unless you're there for the fried chicken, stay away from Kentucky. It ranked horribly in all three categories.
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