The best and worst states to retire to in 2018

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The best and worst states to retire to in 2018
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As your golden years get closer, you may envision that you’ll eventually purchase your home outright and get to settle down where you are now and live a quiet and debt-free life. Or, if you’re like a lot of people, you may prefer to relocate to the warm climes of the Sunshine State of Florida.

But it turns out that year-round balmy weather may not be the strongest indicator of how good your life’s going to be when you retire. A new Bankrate study says South Dakota may have the greenest pastures of all for retirees. Florida does make the top five, but not ahead of underdogs Utah, Idaho, and New Hampshire!

Tired of working? Here are the best states for retirees

The results were gathered from several criteria crucial to older Americans on a fixed income, including quality of health care, cost of living and crime, according to Bankrate.

Weather was also a factor — but apparently a small one. When it comes to the top 20 places deemed best for a retiree, only five of them are below the Mason-Dixon line.

Here are top 50 best & worst states for retirement in 2018

Ranking of best and worst states for retirement
STATE OVERALL RANK COST OF LIVING CRIME CULTURE HEALTH CARE QUALITY TAXES WEATHER WELL-BEING
Source: Bankrate’s 2018 “Best and worst states for retirement” study
South Dakota  

1

 

19

 

21

 

10

 

12

 

2

 

38

 

1

Utah 2 25 22 15 10 8 32 9
Idaho 3 12 4 31 8 20 41 8
New Hampshire 4 43 1 9 5 7 43 7
Florida 5 27 33 26 36 4 2 12
Montana 6 23 26 7 19 6 45 10
North Carolina 6 12 29 40 30 11 12 19
Wyoming 8 28 9 16 22 1 46 16
Nebraska 9 17 18 25 12 25 29 17
Mississippi 10 1 23 48 26 24 5 47
Hawaii 11 48 35 3 17 27 1 3
Massachusetts 12 46 14 2 3 22 34 11
Virginia 13 30 4 17 24 31 16 18
Michigan 14 4 23 27 32 12 40 32
Missouri 15 3 41 28 35 16 17 39
Iowa 16 11 16 18 12 40 33 21
Colorado 17 35 28 12 15 18 37 6
Texas 17 20 36 43 44 13 4 13
Delaware 19 32 40 24 6 15 18 40
North Dakota 20 29 17 14 8 30 49 5
Tennessee 21 7 45 36 46 14 13 29
Maine 22 39 2 8 4 28 47 24
Indiana 22 9 30 42 38 9 25 42
Alabama 24 6 44 47 17 35 7 38
Kansas 25 14 31 34 32 23 19 33
Vermont 26 41 3 1 2 47 44 2
Wisconsin 26 21 15 19 6 38 42 27
Minnesotta 28 26 11 23 1 46 48 4
Arizona 29 34 43 39 27 21 11 15
Kentucky 30 9 10 46 39 33 15 45
Pennsylvania 31 31 12 30 21 26 30 34
New Jersey 32 42 4 11 10 50 24 28
West Virginia 33 18 19 38 43 19 22 50
Rhode Island 34 40 8 6 16 41 28 41
Connecticut 35 44 4 4 23 44 31 20
Alaska 36 44 49 5 27 3 50 25
Georgia 37 15 38 49 40 36 6 31
Ohio 38 5 20 33 36 45 26 44
Oregon 39 37 27 22 42 10 35 35
Oklahoma 40 7 41 44 47 32 10 46
South Carolina 41 23 46 41 27 37 8 37
Nevada 42 33 38 32 47 5 27 43
Washington 43 38 37 29 34 17 36 22
Illinois 44 36 25 35 30 29 23 36
California 45 49 32 20 19 48 14 14
Arkansas 46 2 47 50 50 39 9 48
Louisiana 47 16 48 45 44 42 3 49
Maryland 48 47 33 21 24 43 20 30
New Mexico 48 22 50 37 49 34 21 26
New York 50 50 13 13 41 49 39 23

Before you pack your bags and travel to a new destination, check out how much $1 million in retirement savings will last you in each state.

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Craig Johnson is a conscious money-saver who still reads paperback books and listens to vinyl. He likes to write about how technology is making things easier and more affordable — but also sometimes more dangerous — for the modern consumer. You can reach Craig at [email protected]
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