The majority of older Americans wish to age in place, but aside from living near family and friends, they also are looking at other factors to choose where they want to live as they age.
The best states for retirement were found based on life expectancy, tax friendliness ranking, violent crime rate per 100,000, the cost of living index and health care costs, according to a recent study from MoneySavingPro.com.
Taking the No. 1 spot on the list is Idaho. The state has a life expectancy of 79.5 years, a tax friendliness ranking of 28, violent crimes per 100,000 is 212.2, a health care cost per capita of $5,658 and a cost of living index rating of 88.2.
Following Idaho is Utah in second place. Utah has a life expectancy of 80.2, a tax friendliness ranking of 27, violent crimes is 215.6 of 100,000, a cost of living index rating 92.4 and a health care cost per capita of $5,031, which is the lowest on the top 10 list.
The states with the best tax friendliness rankings are Alaska in first place and Colorado in second place, the study found.
There are also a few warmer-weather climates on the top 10 list, which many seniors strive for. Those states include Hawaii, Arizona, Kentucky and Georgia.
These are the top 10 best states for retirement:
3. North Dakota
On the flip side, the the 10 worst states for retirement were revealed, according to the study. The worst is West Virginia. The state has a life expectancy of 75.4, a tax friendliness ranking of 46, 302 violent crimes per 100,000, a health care cost per capita of $7,667 and a cost of living index rating of 103.7.
The worst 10 states for retirement are:
50. West Virginia
48. South Carolina
45. New Jersey
42. New York
See the full study from MoneySavingPro.com.
Written by Alana Stramowski