Florida Keeps Ranking As Top Retirement Destination

Florida topped out as the No. 1 state to retire in WalletHub’s annual ranking for 2018. The Sunshine State also held the No. 1 spot in 2017.

The “2018’s Best & Worst States to Retire” report compared all 50 U.S. states across 41 indicators, spanning the cost of in-home care, life expectancy and cost of living, among other factors.

The top 10 states to retire for 2018 by overall rank were:

1. Florida

2. Colorado

3. South Dakota

4. Iowa

5. Virginia

6. Wyoming

7. New Hampshire

8. Idaho

9. Utah

10. Arizona

When it came down to the cost of in-home care, Louisiana and Alabama ranked No. 1 and No. 2 respectively for the lowest annual cost. Louisiana also had the lowest median yearly cost for elderly housekeeping at $34,320, 1.9 times lower than North Dakota, which had a median yearly cost for such services of $63,972.

Louisiana and Alabama, however, ranked No. 44 and No. 41 overall as retirement destinations.

West Virginia was No. 3, Mississippi No. 4, and Arkansas and North Carolina tied for the rank of No. 5 for lowest yearly cost of in-home services. Mississippi had the lowest adjusted cost-of-living index for retirees, at 84.91. That’s 2.2 times lower than in Hawaii’s index of 185.73, which was highest.

Ranked by best health care, the top 10 states were:

1. Minnesota

2. Colorado

3. Hawaii

4. New Hampshire

5. Massachusetts

6. South Dakota

7. Connecticut

8. North Dakota

9. Iowa

10. Nebraska

Written by Maggie Flynn

Maggie Flynn on Linkedin
Maggie Flynn
Business reporter at Aging Media Network
When she's not working, Maggie enjoys running, reading, writing and sports, in no particular order. Favorite things include murder mysteries, Lake Michigan and the Pittsburgh Penguins.



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