Where Should You Retire? It Depends on Who You Ask

A recent survey conducted by MoneyRates.com used the following factors to determine the list of the best and worst U.S. states for retirees:

  • The size and growth of the senior population
  • Economic factors
  • Crime
  • Weather
  • Life expectancy at age 65

Based on these five factors, Moneyrates.com found that the top ten states for retirees are as follows:

  1. Hawaii
  2. Iowa
  3. Idaho
  4. Florida
  5. Vermont
  6. Arizona
  7. Colorado and Maine (tie)
  8. Virginia
  9. Montana
  10. New Hampshire

Hmm.  Back in May, a similar survey conducted by Bankrate.com didn’t have Hawaii or Florida ranked among the top ten.  In fact, Hawaii didn’t even make the top twenty or thirty – Hawaii ranked #46 – and Florida barely made it into the top thirty – Florida ranked #39.

The factors Bankrate.com used to compile its list were as follows:

  • Cost of living
  • Crime rate (violence and property crimes)
  • Health care quality
  • State and local tax burden
  • Personal well-being
  • Weather

Using these six factors, below are the top ten U.S. states for retirees according to Bankrate.com’s survey:

  1. South Dakota
  2. Colorado
  3. Utah
  4. North Dakota
  5. Wyoming
  6. Nebraska
  7. Montana
  8. Idaho
  9. Iowa
  10. Virginia

So where should you retire?  Wherever you feel the most at home.

Photo: Aerial View of Hanalei National Wildlife Refuge, U.S. Fish and Wildlife Service

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