April 19, 2024
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2018 WalletHub Study
Florida named 2018's Best State to Retire by WalletHub
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.
