Colorado is a great state for retirees' physical and mental health with one of the lowest rates of social isolation for seniors. There are very few residents above age 65 that live in poverty and, like number one ranked Florida, it offers similar taxpayer-friendly conditions, with no estate or inheritance taxes.
For those who wish to retire to safe havens that offer cheap living expenses, some of the cheapest and safest countries to retire to include Indonesia, Ghana, Romania, North Macedonia, and Vietnam.
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.
Delaware (1), West Virginia (2), Georgia (3), South Carolina (4) and Missouri (5) are the top five states for retirement in 2024. Alaska (50), New York (49), Washington (48), California (47), and North Dakota (46) landed at the bottom of the rankings for the best and worst states to retire.
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.
Thailand. Is it possible to retire in Thailand and keep the costs in check? Certainly! It's another top choice for digital nomads with an achievable $500 monthly budget, focusing on affordable accommodation.
What state is the best financially to retire in? A 2022 Kiplinger analysis ranked the most tax-friendly places in the country for retirement: Alaska, Florida, Iowa, Mississippi, Nevada, Pennsylvania, South Dakota, Tennessee, Texas, and Wyoming.
Costa Rica
Once settled, most retiree couples can live well within the country for as little as $2,000 per month.
In 2024, across all states in the United States, Utah was ranked as the healthiest state for older adults aged 65 years and above, followed by Colorado and Vermont. On the other hand, Louisiana was the unhealthiest state for older adults in the United States, ranking last on the list.
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.
Hawaii, Massachusetts, Minnesota, Iowa, and Connecticut are the top-ranked states according to the 2020 Scorecard, which assesses all 50 states and the District of Columbia on more than 45 measures of access to health care, quality of care, service use and costs of care, health outcomes, and income-based health care ...
The results
The top two states to retire in according to our formula are — drumroll please — Alaska and New Hampshire!
Florida, Colorado, and Virginia rank as the top three states for retiring seniors, according to WalletHub.1 In a recent study, they compared all states based on 46 indicators in three key categories: Affordability, which includes tax benefits, cost of living, and more.
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.
Retiring abroad on $1,000 per month doesn't mean sacrificing quality of life. Many countries offer excellent health care, infrastructure and amenities at a fraction of the cost compared to the U.S. The cheapest places to retire abroad include Panama, the Philippines, Portugal, Malaysia, Mexico, Thailand and Vietnam.
The cheapest retirement state in 2025 is West Virginia, where you'll need an estimated $712,913 in savings, and an annual budget of $50,954, to retire in comfort, according to new data released this week by GOBankingRates, the personal finance site.