Arizona Among 2018’s Best & Worst States To Retire

Unfortunately, almost 30 percent  of all non-retired adults have no retirement savings or pension though no fault of their own. With this in mind the powerful 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.

Arizona while perceived as a retirement state came in ranked only as the 10th best state to retire ranking ninth in the category of population aged 65 and older.

While retirement might be the end of a career,  it doesn’t have to be the end of financial security or life satisfaction. Timing is often a primary concern with retirement, as it generally coincides with the age at which we may receive Social Security or pension benefits. Not everyone can retire when they want to, though.

In addition to when you want to retire, a good question to ask is where. That can be difficult to decide without doing lots of research. Even in the most affordable areas of the U.S., most retirees cannot rely on Social Security or pension checks alone to cover all of their living expenses. Social Security benefits increase with local inflation, but they replace only about 40 percent of the average worker’s earnings.

If retirement is still a big question mark for you because of finances, consider relocating to a state that lets you keep more money in your pocket without requiring a drastic lifestyle change. To help you find that permanent, affordable place to call home, WalletHub compared the 50 states across 41 key indicators of retirement-friendliness. The WalletHub analysis examined affordability, health-related factors and overall quality of life. It is no surprise that Florida is number one in the overall ranking.

Interactive map ranking the states

Ranking Table of All 50 States

OverallStateTotal AffordabilityQuality of LifeHealth Care
1Florida66.791520
2Colorado66.172382
3South Dakota65.892326
4Iowa62.4626119
5Virginia62.0218921
6Wyoming61.6643029
7New Hampshire61.5129144
8Idaho61.39112025
9Utah61.14222412
10Arizona60.67212117
11Minnesota60.664211
12Wisconsin60.4632711
13Montana60.32143319
14Pennsylvania59.5428430
15California58.9237316
16Nevada58.6382639
17Kansas58.53272227
18Missouri58.41123434
19Massachusetts58.44325
20Ohio58.35131837
21Washington58.32341218
22Texas58.0492938
23Maine58.02361015
24North Dakota57.9635318
25Delaware57.6154024
26Oregon57.52312523
27South Carolina56.8163840
28North Carolina56.71251936
29Michigan56.5331531
30Alaska54.8303926
31Illinois54.45401332
32Indiana54.13193541
33Nebraska54412710
34Connecticut52.7645237
35Tennessee52.6354544
36Oklahoma52.4474443
37Georgia52.15243742
38Maryland51.94441714
39Vermont51.5471613
40New York51.1646628
41Alabama50.5534848
42Hawaii50.3149363
43New Mexico49.76394235
44Louisiana49.15174146
45West Virginia48.29164349
46Arkansas46.89205045
47Mississippi46.28104950
48Rhode Island45.14484622
49New Jersey44.94502833
50Kentucky43.06384747

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the full report, please visit Wallet Hub.

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