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July 22, 2018

2018 WalletHub Study

Florida named 2018's Best State to Retire by WalletHub

| 1/16/2018

With almost 30 percent of all nonretired adults having no retirement savings or pension, the 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.

Retiring in Florida (1=Best; 25=Avg.)

  • 27th – Adjusted Cost of Living
  • 10th – Annual Cost of In-Home Services
  • 10th – WalletHub ‘Taxpayer’ Ranking
  • 1st – % of Population Aged 65 & Older
  • 29th – Property-Crime Rate
  • 21st – Life Expectancy

The top 5 states to retire are:

Top 5 "Best States to Retire"
Overall Rank
(1=Best)
State Total Score ‘Affordability’ Rank ‘Quality of Life’ Rank ‘Health Care’ Rank
1 Florida 66.79 1 5 20
2 Colorado 66.17 23 8 2
3 South Dakota 65.89 2 32 6
4 Iowa 62.46 26 11 9
5 Virginia 62.02 18 9 21

For the full report, please click here.

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