Filed Under:Markets, Senior Market

10 best and worst states for retirement

Taxes, sunshine and healthcare are among Bankrate's critera for picking a good place to retire.

Choosing the best place to spend your retirement years can be difficult. There are so many factors to consider: cost of living, matching your desired lifestyle and closeness to family and friends.

There are lots of ways to slice and dice the data. In the past, we’ve looked at international places and offbeat, inexpensive places to spend post-work years.

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10. Kentucky

Cost of Living: 90.9

Tax Burden: 9.5%

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9. Maryland

Cost of Living: 116.5

Tax Burden: 10.6%

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8. Oklahoma

Cost of Living: 90.5

Tax Burden: 8.5%

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7. Louisiana

Cost of Living: 95.8

Tax Burden: 7.6%

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6. Alabama

Cost of Living: 93.4

Tax Burden: 8.3%

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5. Hawaii

Cost of Living: 158.1

Tax Burden: 9.6%

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4. Arkansas

Cost of Living: 91.5

Tax Burden: 10.3%

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3. Alaska

Cost of Living: 135.3

Tax Burden: 7%

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2. West Virginia

Cost of Living: 97

Tax Burden: 9.7%

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1. New York

Cost of Living: 129.1

Tax Burden: 12.6%

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10. Virginia

Cost of Living: 96.4

Tax Burden: 9.2%

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9. Iowa

Cost of Living: 92.4

Tax Burden: 9.3%

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8. Idaho

Cost of Living: 90.6

Tax Burden: 9.5%

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7. Montana

Cost of Living: 98.8

Tax Burden: 8.6%

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6. Nebraska

Cost of Living: 90.2

Tax Burden: 9.4%

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5. Wyoming

Cost of Living: 97.2

Tax Burden: 6.9%

 

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3. Utah

Cost of Living: 92.6

Tax Burden: 9.4%

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2. Colorado

Cost of Living: 98.8

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1. South Dakota

Cost of Living: 99.2

Tax Burden: 7.1%

Originally published on ThinkAdvisor. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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