The world is a vast and exciting place, and that extends to your retirement options. Whether you dream of basking on pristine beaches in Southeast Asia, exploring the vibrant culture of Europe, or immersing yourself in the natural wonders of South America, there’s a retirement haven waiting for you.
Some dream of stretching their retirement dollars further, seeking affordable havens with a low cost of living. Others crave wide-open spaces and endless outdoor adventures. Safety is a paramount concern for many, while some envision a luxurious retirement lifestyle complete with world-class amenities.
The United States itself offers a diverse range of retirement destinations, catering to a wide variety of preferences and needs. Here, we’ll delve into 7 top states to retire in the US, drawing insights from WalletHub’s latest study, which considered affordability, quality of life, and healthcare as key ranking factors.
7. New Hampshire
Nestled in the heart of New England, New Hampshire offers a charming retirement experience. This state consistently ranks high in affordability, thanks to its lack of sales tax and low property taxes. Retirees can enjoy a comfortable lifestyle without breaking the bank. New Hampshire boasts a stunning natural landscape, with the White Mountains and numerous lakes providing ample opportunities for outdoor recreation. Furthermore, the state excels in healthcare, with excellent hospitals and a high concentration of physicians.
- Cost of Living Index: 115
- Healthcare: Excellent access to healthcare with top-ranked hospitals and a high number of physicians per capita.
- Quality of Life: Beautiful natural scenery, charming towns, and a focus on outdoor activities contribute to a high quality of life.
6. Idaho
For nature lovers seeking an active retirement, Idaho beckons. Majestic mountains, pristine rivers, and vast forests create a breathtaking backdrop. The state offers a plethora of outdoor activities, from hiking and fishing to skiing and whitewater rafting. Idaho boasts a lower cost of living compared to the national average, making it an attractive option for retirees on a budget. Additionally, the state enjoys a low crime rate, fostering a safe and secure environment.
- Cost of Living Index: 106.1
- Healthcare: Access to healthcare can vary depending on location, with potentially limited options in rural areas.
- Quality of Life: Stunning natural beauty, abundant outdoor activities, and a safe environment contribute to a high quality of life.
5. Wyoming
Wyoming embodies the spirit of the Wild West, offering wide-open spaces, breathtaking scenery, and a true sense of adventure. Retirees can immerse themselves in Yellowstone National Park’s geothermal wonders, explore Grand Teton National Park’s majestic peaks, or go stargazing under some of the darkest skies in the lower 48 states. Wyoming boasts a very low cost of living, with minimal state and local taxes. However, healthcare options may be limited in more rural areas, something to consider for retirees with specific medical needs.
- Cost of Living Index: 92.8
- Healthcare: Access to healthcare can be limited, particularly in rural areas.
- Quality of Life: Breathtaking scenery, abundant outdoor activities, and a low cost of living contribute to a high quality of life, but limited access to healthcare services is a consideration.
4. Delaware
This small but mighty state packs a punch when it comes to retirement appeal. Delaware boasts a surprisingly low cost of living, with no sales tax and low property taxes. Additionally, retirees benefit from a lack of state income tax on Social Security benefits and private pensions. Delaware offers a variety of cultural attractions, from museums and historical sites to casinos and tax-free shopping. While healthcare options may be slightly limited compared to some larger states, the state still offers good quality medical care.
- Cost of Living Index: 102.6
- Healthcare: Good quality medical care, but options may be slightly limited compared to larger states.
- Quality of Life: Affordable living, cultural attractions, and a variety of recreational opportunities contribute to a good quality of life.
3. Virginia
Steeped in history and brimming with charm, Virginia offers a diverse and enriching retirement experience. The state caters to a range of preferences, with options ranging from bustling coastal towns to peaceful mountain retreats. Virginia boasts a strong economy, ensuring access to quality amenities and services. The state also excels in healthcare, with numerous top-ranked hospitals and medical centers. While the cost of living can vary depending on location, Virginia generally falls within the national average.
- Cost of Living Index: 103.1
- Healthcare: Excellent access to healthcare with top-ranked hospitals and medical centers throughout the state.
- Quality of Life: Rich history, charming towns, beautiful natural scenery, and strong economic opportunities contribute to a high quality of life.
2. Colorado
For those seeking an active and adventurous retirement, Colorado beckons. This state is a haven for outdoor enthusiasts, with the Rocky Mountains providing a playground for hiking, skiing, camping, and more. Colorado boasts a vibrant cultural scene, with thriving arts communities and a wide array of festivals and events. The state excels in healthcare, with excellent hospitals and medical facilities. However, the cost of living in Colorado, particularly in popular mountain towns, can be higher than the national average.
- Cost of Living Index: 105.5
- Healthcare: Excellent access to healthcare with top-ranked hospitals and medical facilities.
- Quality of Life: Breathtaking mountain scenery, abundant outdoor activities, vibrant cultural scene, and excellent healthcare contribute to a high quality of life, but affordability can be a concern.
1. Florida
The Sunshine State remains a popular retirement destination, and for good reason. Florida offers a warm climate year-round, perfect for those seeking to escape the cold winters of the north. The state boasts beautiful beaches, vibrant cities, and a relaxed pace of life. Florida offers a wide range of retirement communities catering to various interests and budgets. While healthcare options are plentiful, the cost of living in some parts of Florida can be higher than the national average.
- Cost of Living Index: 102.3
- Healthcare: Plentiful healthcare options throughout the state.
- Quality of Life: Warm year-round climate, beautiful beaches, relaxed atmosphere, and a wide range of cultural and recreational activities contribute to a high quality of life. However, affordability can be a concern in some areas.
