Discover The Best State to Retire in the USA for a Happy Retirement

We take a look at the best state to retire in the USA with various focuses for retirees, including affordability, healthcare, attractions, and more


best state to retire in the usa

The best state to retire in the USA varies depending on your lifestyle. While one person may enjoy theatre and dinners at fancy bistros, another may prefer fishing on a pristine lake. There are a lot of different ways to retire. So when you start thinking about how you want to spend your golden years, it’s essential to research a number of options.

If you want to make the most of your savings, affordability would be a primary factor. For people who are most focused on remaining active, a location with good weather and activities is important. And if you have health concerns, you’ll want a location with exceptional healthcare. 

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The best state to retire in the USA from Money Magazine

The most recent and complete data comes from a 2019 analysis from Money Magazine. This research was conducted with a comprehensive methodology that considered an array of living conditions. They began with pulling 47,500 data points for locations in the USA that have populations over 50,000. 

Other considerations this study accounted for include:

  • Cost of living
  • Access to healthcare
  • Safety
  • Housing
  • Economic factors
  • Diversity
  • Quality of life
  • Amenities
  • The percentage of residents age 50 or older

The initial 47,500 data points were then narrowed down to 601 places. Here is a look at the top eight locations that Money listed in its study.

  1. Catalina Foothills, AZ
  2. Palm Desert City, CA
  3. West Bloomfield, MI
  4. Northfield Township, IL
  5. Bonita Springs, FL
  6. Minnetonka City, MN
  7. Georgetown City, TX
  8. Clarkstown, NY

The best state to retire in the USA for affordability

Bankrate conducted an analysis of the best and worst locations for retirement and based its finding on several data points, with affordability as one of the main requirements. The study also considered crime, culture, weather, and wellness.

When it came to the most affordable locations, Missouri, Michigan, and Indiana round out the top three. However, when considering the overall rank with all of the factors included, Nebraska is at the top. The four states following the Cornhusker State are Iowa, Missouri, South Dakota, and Florida.

The states at the bottom of the list for retirees are Maryland, New York, and Alaska.

The best state to retire in the USA for the healthcare

Healthcare is a concern for many people, especially retirees with existing health issues. Studies have shown that healthcare expenses increase for many people as they retire. In fact, it is often a six-figure expense for both men and women. Due to this, being in proximity to skilled medical professionals and well-respected hospitals is important to many.

A number of specific criteria went into choosing the best healthcare and hospitals. This includes inpatient mortality rates, lower amounts of patient complications, fewer healthcare-associated infections, faster emergency care, lower expenses, high patient ratings, and hospitals that send patients home quicker.

The states with the best access to healthcare are Connecticut, Massachusetts, Hawaii, Iowa, and New Hampshire.

Places to retire to stay active during retirement 

Some retirees are excited to stop working and spend more time playing. The first set of areas have the highest amount of attractions per capita. These attractions include art galleries, movie theaters, bowling alleys, and colleges. Here are the top five locations:

  1. Taos, NM
  2. Sedona, AZ
  3. Vail, CO
  4. Branson, MO
  5. Hazard, KY

There is a different list for another recreational activity that many retirees love: Golf. Here is a look at the locations with the top golf courses in the country, according to Golf Digest:

  • Pine Valley Golf Course, Pine Valley, NJ
  • Augusta National Golf Course, Augusta, GA
  • Cypress Point Club, Pebble Beach, CA
  • Shinnecock Hills Golf Course, Southampton, NY
  • Oakmont Country Club, Oakmont, PA

There are clearly many considerations to make before and during retirement, including where you want to live. The criteria are different for many, so we hope this information helps you narrow down the place to retire that fits your life the best.

What do you look for in a place to retire? Please share your thoughts with our community.

Learn the best ways to gain your own financial independence and security—get this FREE report now, 5 Steps to Your Financial Freedom, and you’ll have a solid strategy and plan for using the stock market to achieve your own financial freedom. Act now to download this FREE report today!

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