The place where a person determines that they are going to retire, It is a very important decision in your life. Affordability, climate, and community are considerable factors that retired should be taken into account when considering where to settle, especially if they move. The number of United States citizens retired and expected to do so is growing. This year alone, a record 4.1 million people in the United States are expected to turn 65, the average age of retirement.
“The reality is that most Americans feel that they have not saved for retirement, which means affordability is key,” said Bankrate analyst Alex Gailey. “Moving to a more affordable location could be an effective way for future retired, “Make the most of your retirement savings in this economy.” Here we will tell you about the five best and five worst states to retire according to specialists, among the most important factors are affordability, general well-being, the cost, and quality of medical care, the climate, and crime.
These Are the Five Worst Places to Spend Your Retirement Years
- North Dakota, It is the fifth-worst place for retirement in the year 2024. A mix of cold climate and average affordability makes it one of the least attractive states for retired.
- California, a despite having a warmer climate, was ranked as the fourth-worst place for retired. One of the main factors is the state’s high cost of living and the general need for affordability, especially for those people who live off their savings.
- Washington, The lack of affordability and a not very favorable climate, where it rains a lot, they put the third-worst state for the retirement.
- New York, the state considered the second-worst state to retire. Its low affordability and colder climate make it a not very attractive option for retired who are looking to establish themselves.
- Alaska, the worst state for retire in the year 2024, that state came in last place for its low scores on both affordability and climate.
The Best Destinations to Retire
- Missouri, of the states with the most affordability, making it one of the top 5 locations for retiring in the United States the previous year. However, the state has problems with the quality of health care, crime and natural disasters.
- South Carolina, this in the top 5 this year, in fourth place in the rankings. The state’s affordability and pleasant climate make it one of the best states to retire this year.
- Georgia, with third place, it is a state that wasn’t even in the top five the year before. Its position in the top 5 is due to its affordability and warm climate.
- Virginia Occidental, went up to second place this year. The state had the best affordability of the 50 states in the United States. For the second year in a row, with a low cost of living and low tax rates.
- Delaware, subtype of the second-best state to be the best state to retire in 2024, thanks to its top-notch healthcare, low taxes, and in-between climate. Delaware surpassed Iowa to take the big first place in this year’s ranking of the best and worst states to retire while Delaware is a more expensive state to live in, high-quality health care, light tax burden, affordable home insurance, and great weather put it in first place this year. Delaware also scored highly on diversity, well-being, and culture and has a large proportion of residents aged 62 and older compared to its population.”