Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
675,558+7,403
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.75%-0.01
MortgageRetirementReverse

The Best and Worst States to Retire 2016

For seniors choosing a location to spend their retirement years, several factors can make a state seem more attractive—or the opposite.

For this reason, personal finance website WalletHub took multiple elements into consideration when compiling its list of 2016’s Best & Worst States to Retire.

WalletHub’s analysts compared all 50 U.S. states and Washington, D.C., across three dimensions: health care, affordability and quality of life. The 51 regions were also compared across 24 metrics.

In 2016, the top-five best states to retire are Florida, Wyoming, South Dakota, South Carolina and Colorado, WalletHub concluded. The top-five worst places to retire are Rhode Island, Washington, D.C., Hawaii, Connecticut and Vermont.

Screen Shot 2016 01 26 at 12 57 28 PM

The personal finances of retirement-age residents were also taken into consideration for each state by guarantor.co.uk.

For instance, WalletHub found that the state with the lowest percentage of employed people aged 65 and older is West Virginia, and the state with the highest percentage of employed people age 65 and older is Alaska, the research revealed. After West Virginia, the states with the lowest percentage of employed people aged 65 and older are Michigan, Arizona, Florida and Oregon.

On the flip side, after Alaska, the places with the highest percentage of employed people aged 65 and older are Washington, D.C.. Vermont, Nebraska and South Dakota.

Written by Mary Kate Nelson

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

Latest Articles

Freddie Mac’s Donna Spencer on their Servicing Excellence initiative 

On today’s sponsored episode, Editor in Chief Sarah Wheeler talks with Donna Spencer, vice president of servicer relationship and performance management at Freddie Mac, to discuss their new Servicing Excellence initiative and the benefits for their partners. Related to this episode: Related to this episode: Servicing Excellence https://sf.freddiemac.com/articles/insights/servicing-excellence Forging a New Path: The Future of […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please