2025’s Best States to Retire – WalletHub Report

With retirees facing the pressures of inflation while often being on a fixed budget, the personal-finance website WalletHub today released its report on 2024’s Best & Worst States to Retire, along with expert commentary, to identify where seniors can save the most money while enjoying the best quality of life.

To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub compared the 50 states across 46 key metrics. The report examines affordability, health-related factors and overall quality of life.

Best States to Retire Worst States to Retire
1. Florida
2. Minnesota
3. Colorado
4. Wyoming
5. South Dakota
6. Pennsylvania
7. New Hampshire
8. Delaware
9. North Dakota
10. Wisconsin
41. Hawaii
42. Arkansas
43. West Virginia
44. Rhode Island
45. New Jersey
46. New Mexico
47. Washington
48. Mississippi
49. Louisiana
50. Kentucky

Best vs. Worst

  • Alabama has the lowest adjusted cost-of-living index for retirees, – 2.2 times lower than in Hawaii, where it is highest.
  • Mississippi has the lowest median annual cost of elderly housekeeping, – 3.3 times lower than in Montana, where it is highest.
  • South Dakota has the highest share of the population aged 65 and older still working, – 1.8 times higher than in West Virginia, where it is lowest.
  • Maine has the highest share of the population aged 65 and older, which is 1.9 times higher than in Utah, where it is lowest.

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