A recent study by WalletHub has revealed the top U.S. states ideal for retirees, focusing on three main factors: affordability, quality of life, and healthcare. The analysis considered 46 relevant metrics, including the cost of living adjusted for senior citizens and the availability of healthcare facilities. Surprisingly, while Florida remains a popular choice, four other states—two from the Midwest and two from the West—also emerged as excellent options for retirement. This comprehensive study provides valuable insights into where retirees can enjoy a comfortable and fulfilling lifestyle.
Top-Ranked States for Retirees
The WalletHub study identified several states that stand out for their suitability for retirees. Leading the pack is Florida, known for its sunny climate and extensive amenities. However, Minnesota, often overlooked, came in second place due to its exceptional healthcare system. The state boasts an impressive number of healthcare facilities, nursing homes, and home health care aids per capita, contributing significantly to its appeal for older adults.
Minnesota's healthcare infrastructure is unparalleled, with the highest number of healthcare facilities and the second-most nursing homes per capita. Additionally, it ranks third in the nation for geriatric hospitals. These resources contribute to lower disability rates among seniors and better mental and physical health outcomes. Consequently, Minnesota offers a robust environment for aging gracefully and maintaining a high quality of life.
Western States Shine in Quality of Life and Healthcare
Three Western states—Colorado, Wyoming, and South Dakota—also ranked highly in the study. Colorado, in particular, stood out for its positive impact on both physical and mental health. The state’s lack of inheritance or estate taxes adds to its attractiveness for retirees. Moreover, Colorado enjoys low rates of social isolation among seniors and boasts some of the best geriatric hospitals in the country.
Wyoming excelled in quality of life and affordability but scored lower in healthcare. Conversely, South Dakota had slightly above-average scores in quality of life and affordability but excelled in healthcare. These variations highlight the diverse strengths each state brings to the table, catering to different needs and preferences of retirees. Overall, these findings offer valuable guidance for those planning their retirement destinations.