This data comes from a Bankrate study. First up, we have the very worst state to retire in, Alaska. Although it has some beautiful views, living somewhere so remote doesn’t come cheap, as practically everything here costs a lot more.
There’s so much to see and do in New York, but your pension might suffer with the state’s high rate of income tax. You really don’t want to move to a state where you’ll have to fork over a large amount of your hard-earned savings to the government.
Of course, California’s a lovely state, although wildfire season and constant natural disasters aren’t so great. Even when the weather’s doing better, you’ll still have to pay for insurance, and those costs are rising.
If you’re looking to downsize in Washington, good luck. The real estate prices are going through the roof, especially in cities like Seattle, where the market is brutal.
There’s no denying that Massachusetts has some of the best healthcare facilities around, and the research proves that. Unfortunately, that quality comes at a cost, and it’s a pretty steep one.
North Dakota’s winters are legendary for a reason, and that’s because they’re incredibly cold. Unless you’re a polar bear or you really like shoveling snow, this is a state that you should avoid.
There’s plenty of space and spirit in Texas, that’s for sure. Sadly, Medicaid hasn’t received the same treatment, and the options for retirees are pretty limited, so they might not be able to cover the medical costs of their later years.
Colorado’s high altitude is enough to take your breath away, but not necessarily in a good way. If you’ve got heart or lung issues like most older people, this thin air can cause some major health issues that just aren’t worth it.
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