Friday, 17 August 2018
Latest news
Main » Bankrate Study: 10 Worst States to Retire List for 2018

Bankrate Study: 10 Worst States to Retire List for 2018

14 July 2018

Financial advisor Bankrate.com has named South Dakota the best state to retire in. The Mount Rushmore State's weakest ranking was weather, landing at number 38 for that category.

The number one state was South Dakota and the worst was NY. Florida scored well for its warm weather and low taxes but was hindered by scores related to crime rate and healthcare quality, Bankrate said.

Also toward the bottom were New Mexico, Maryland, and Louisiana.

More news: Lines closed at Build-A-Bear stores for ‘Pay Your Age Day'

South Dakota came out on top mostly because of how it ranked in well-being and tax friendliness.

The other top states include Utah, Idaho, New Hampshire and Florida. Anyone who wants to spend their retirement years away from home has a ton of research to do, but consumer financial service company Bankrate put together a ranking of all USA 50 states to help decide where to go after their life's work is done. The things that make you happy that give meaning to your life, your social relationships, your spousal relationships, all inform your happiness when you retire'. NY came up last.

Now, a new study by Bankrate.com ranks the best states for retirees based on several factors including, cost of living, taxes, health care quality, weather, crime, culture, and well-being.

More news: Mission: Impossible - Fallout (2018)

Maryland: Maryland is also not a great state for retirement as its cost of living ranks at number 47 overall.

The full ranking of all 50 states is below.

More news: When Trump met the Queen - 'A tremendous woman'

Bankrate Study: 10 Worst States to Retire List for 2018