Florida the Best State for Retirement

In addition to when to retire, people may consider where to retire.

WalletHub has prepared a ranking of the 50 states and the District of Columbia across 24 key metrics. By overall rank, the top five places to retire are Florida, Wyoming, South Dakota, South Carolina and Colorado.

The five lowest places on the list were Vermont, Connecticut, Hawaii, the District of Columbia and Rhode Island.

Mississippi, Indiana, Alabama, Tennessee and Idaho had the lowest adjusted cost of living, while California, Alaska, New York, District of Columbia and Hawaii had the highest adjusted cost of living. The lowest annual costs of in-home services were found in Louisiana, Alabama, Mississippi, West Virginia and Arkansas. The highest were found in Washington, Massachusetts, Hawaii, Alaska and North Dakota.

Among other things, WalletHub measured states’ rankings on entertainment. For example, New York, California, Kansas, Massachusetts and Maine have the most museums per capita, and California, New York, Illinois, Minnesota and Pennsylvania have the most theaters per capita.

In order to identify the most retirement-friendly states, WalletHub’s analysts compared the 50 states and the District of Columbia across three key dimensions: 1) Affordability, 2) Quality of Life and 3) Health Care. More information is here.