Choosing the best state to retire to is a personal decision that depends on various factors such as affordability, climate, healthcare, and lifestyle preferences. While there is no one-size-fits-all answer, several states consistently rank highly for retirees. Here are some of the top contenders:
1. Iowa
According to multiple sources, including CNBC and The New York Times, Iowa ranks as the best state to retire in 2023[2][4]. It offers a combination of affordability, quality healthcare, and a strong sense of community. Iowa’s low cost of living and favorable tax environment make it an attractive option for retirees looking to stretch their retirement savings.
2. Florida
Florida is often regarded as a top retirement destination, and it consistently ranks among the best states for retirees[1][3]. The state’s warm climate, beautiful beaches, and abundance of recreational activities make it an appealing choice. Additionally, Florida has no state income tax, which can be a significant financial advantage for retirees.
3. Pennsylvania
Pennsylvania is another state that frequently appears on lists of the best states to retire in[3]. It offers a mix of urban and rural areas, providing retirees with a range of lifestyle options. Pennsylvania also boasts a low cost of living and excellent healthcare facilities, making it an attractive choice for retirees seeking affordability and quality medical care.
4. Virginia
Virginia is often overlooked as a retirement destination, but it has been gaining recognition in recent years[5]. The state offers a mild climate, rich history, and a variety of cultural attractions. Virginia also has a relatively low cost of living and a strong healthcare system, making it an appealing choice for retirees.
5. Michigan
Michigan may not be the first state that comes to mind when thinking about retirement, but it has been recognized as one of the best states to retire in terms of financial stability[6]. The state offers a lower cost of living compared to many other states and has a strong healthcare system. Michigan’s natural beauty, including the Great Lakes, also provides ample opportunities for outdoor recreation.
It’s important to note that the best state to retire to ultimately depends on individual preferences and priorities. Factors such as proximity to family, access to recreational activities, and personal preferences for climate and lifestyle should all be taken into consideration when making a decision. It’s recommended to thoroughly research and visit potential retirement destinations before making a final choice.
Citations:
[1] https://www.bankrate.com/retirement/best-and-worst-states-for-retirement/
[2] https://www.cnbc.com/2023/08/19/best-us-states-to-retire-in-2023.html
[3] https://www.pods.com/blog/best-states-to-retire
[4] https://www.nytimes.com/2023/08/10/realestate/whats-the-best-state-to-retire-in-hint-its-not-florida.html
[5] https://mrwilliamsburg.com/virginia-ranked-1-state-to-retire-in/ [6] https://www.medicarefaq.com/blog/best-states-to-retire/