While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest.
Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate’s study of the best states to retire in 2024.
To compile its list of the best and worst places to retire in the U.S., Bankrate ranked all 50 states across five weighted categories:
Affordability (40%): Analyzes factors such as local and state sales taxes, cost of living and average annual property taxes
Overall wellbeing (25%): Includes factors such as the number of adults over 62 per 100,000 residents and access to food and health care
Quality and cost of health care (20%): Looks at factors such as the cost of health care at the state level and the performance of each state’s health system
Weather (10%): Evaluates data on factors such as a state’s average annual temperature and average number of tornado strikes, earthquakes and hurricane landfalls
Crime (5%): Examines factors such as the amount of property crimes and violent crimes per 100,000 residents
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