2023's Best States to Retire

Wallet Hub recently compared the 50 states across 47 indicators of retirement-friendliness. Their analysis examined affordability, health related factors and overall quality of life.

“Even in the most affordable areas of the U.S., most retirees cannot rely on Social Security or pension checks alone to cover all of their living expenses. Social Security benefits increase with local inflation, but they replace only about 37% of the average worker’s earnings.”

See below for a list of their findings.

Beginning to research where you’d like to retire? Let us set you up with an agent in a few of your favorite markets to begin exploring.

Source: WalletHub

Top Ten Overall Rank:

1. Virginia

2. Florida

3. Colorado

4. Wyoming

5. Delaware

6. New Hampshire

7. South Dakota

8. Minnesota

9. Idaho

10. North Dakota

Adjusted Cost of Living

Lowest:

1. Alabama

2. Mississippi

3. Oklahoma

4. Kentucky

5. Arkansas

Highest:

1. Alaska

2. New York

3. California

4. Massachusetts

5. Hawaii

annual cost of In-home services

Lowest:

1. West Virginia

2. Louisiana

3. Alabama & Mississippi

4. Arkansas

Highest:

1. New Hampshire & Oregon

2. California

3. Colorado

4. Washington

5. Minnesota