Wisconsin, New Hampshire, and Tennessee are all highly ranked retirement destinations for health care needs due to low or no income taxes, access to quality health care facilities, and access to nature and recreational activities.
Therefore, it's no surprise that Wyoming and Delaware topped our 2022 Annual National Movers Study as the most popular retirement destinations. In addition to mild weather, both states have highly attractive tax rates along with exclusions on pension and 401(k) income for homeowners over the age of 65.
So why does Minnesota rank so high? “Minnesota on average has a much higher than average level of physical activity. We have some of the best bicycle trails in the country. We have great hiking trails, walking trails, all of these things we score really highly on and that's not even getting into other activities.
The top state for retirement is Delaware, according to Bankrate's 2024 Best States to Retire study.
A healthy lifestyle is vital to enjoying a fulfilling and long retirement. And when it comes to senior well-being, Utah leads the way. United Health Foundation's Senior Report, which analyzes the health and well-being of America's elderly, has ranked the Beehive State No. 1 for the third consecutive year.
The results
The top two states to retire in according to our formula are — drumroll please — Alaska and New Hampshire!
Based on our methodology, the best US city for healthcare is Rochester, Minnesota. Home to the world-renowned Mayo Clinic, Rochester has a wide variety of resources available for seniors, such as wellness programs, social services, and senior centers.
There are currently seven states in which individual income is not subject to tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. In two other states — New Hampshire and Tennessee — only dividends and interest are subject to state taxes.
At No. 2 is Pennsylvania where there are no taxes on retirement income for its residents. The "Keystone State" has many nursing homes and ranks high for its large number of geriatric health providers. Massachusetts is the best state for health care in the country.
The top 10 healthiest states include Hawaii, Colorado, Vermont, Utah, New Hampshire, Massachusetts, Connecticut, California, Rhode Island and New Jersey. Hawaii secures its spot at number one with the highest score of 79.40 out of 100. Hawaii ranks as the healthiest state with a final score of 79.4.
Delaware: A haven for retirees due to its lack of sales tax and inheritance tax. Additionally, Social Security benefits are not taxed, and the state has a flat income tax rate. Florida: Another popular choice for retirees, with no state income tax on Social Security benefits.
The tropical state of Hawaii ranks as the healthiest state in the Union. It stands out for having low percentages in obesity, heart disease, and tobacco use. This suggests a combination of healthy lifestyle choices contributing to overall health.
According to the Missouri Economic Research and Information Center, the lowest overall costs of living were found in Mississippi, Oklahoma, Kansas, Alabama, and West Virginia: Cheapest states to retire.
It's no secret why Florida continues to be one of the best states to retire in 2024. With a warm and sunny climate, retirees enjoy Florida's beautiful beaches and outdoor activities year-round. From the Gulf Coast to the Atlantic, Florida offers endless opportunities for leisure.
PAUL, MN] – Governor Tim Walz today announced that WalletHub has ranked Minnesota the best state in the nation for health care for the second consecutive year. Minnesota's ranking is based on 44 key indicators including cost, access, and health outcomes.
A state that's top-ranked in economic opportunity and one of the best places to raise a family. A state with world-class healthcare, James Beard award-winning chefs, and teams in seven major sports leagues. A state built on access, where new experiences and endless opportunity are available to all.