22 Best (and Worst) States to Retire

May 9, 2023

#entertainment

Navigating the landscape of retirement can be an exciting yet daunting endeavor. From envisioning tranquil beaches to bustling urban scenes or serene country settings, the dream of the perfect retirement destination is as diverse as we are. Yet, practical considerations often dictate our choices, prompting us to consider factors such as cost of living, healthcare quality, tax implications, climate, and overall lifestyle. With these elements in mind, certain states emerge as more appealing for those ready to enjoy their golden years, while others might fall short. Demographic trends among retirees, we've compiled an insightful guide to help you understand the best and worst states for retirement in the US.

1 22

Arizona

Best Retirement City: Scottsdale
Scottsdale Population: 242,753
Comfortable Retirement: $70,390
August Temp: High of 40°F and Low of 24°F
January Temp: High of 19°F and Low of 2°F

Arizona, often recognized for its warm, dry climate and the stunning Grand Canyon, offers numerous advantages for retirees, making it one of the best states to retire in. The state's favorable tax laws can help retirees maximize their savings, and a manageable cost of living can contribute to a comfortable lifestyle. The availability of many luxury retirement communities and golf courses allows retirees to maintain an active and social lifestyle. The desert terrain is also beneficial for those who suffer from allergies, potentially reducing symptoms such as coughs and sniffles. Moreover, the state is home to renowned healthcare facilities like the Mayo Clinic, offering world-class medical services.

2 22

Florida

Best Retirement City: Sarasota
Sarasota Population: 54,764
Comfortable Retirement: $68,109 per year
August Temp: High of 89°F and Low of 75°F
January Temp: High of 71°F and Low of 53°F

Florida, often considered a retiree's paradise, offers a host of advantages that make it one of the best states to retire in. Despite the summer humidity and the need for hurricane insurance, Florida remains relatively affordable, promising a high quality of life for retirees. The state already has a high percentage of residents over 65, approximately 21.3%, a figure set to grow by over a million people by 2030. This could be seen as a benefit for those seeking to build a new social network or even seeking companionship in their golden years. Cities like St. Petersburg offer excellent options for affordable housing and accessibility, while Naples is a favorite for its golf courses and dining options.

3 22

Wyoming

Best Retirement City: Cody
Cody Population: 10,174
Comfortable Retirement: $59,741
August Temp: High of 28°F and Low of 12°F
January Temp: High of 2°F and Low of -9°F

best states for retirement. Situated beyond the traditional Sun Belt states, Wyoming provides abundant opportunities for outdoor activities with famous destinations such as Yellowstone and Grand Teton National Park. These natural treasures allow retirees to stay active and appreciate the stunning wilderness. The state's fiscal policies also make it an attractive retirement destination, with notably low taxes that can help retirees stretch their savings further. Moreover, Wyoming boasts a low crime rate, ensuring a safe and secure environment. The state also has a commendable transport network, making it easy for retirees to navigate and explore.