Wyoming Named Best State For Retirement, Arkansas The Worst
Bankrate.com ranked all 50 states according to several factors. They included local weather, cost of living, crime rate, health care quality, tax burden and senior well-being (a measurement from the Gallup-Healthways Well-Being Index that quantifies how satisfied residents 65 and older are with their surroundings). Each factor was weighted according to a national survey on what people value in retirement.
The survey used in
- 3 in 5 Americans want to spend their golden years in another city or state, but the desire to move away from home fades with age.
- 24% say being close to family is the most important factor in deciding where to retire.
- Women value a cheap cost of living more highly than men (59% vs. 43%).
- 4 in 10 Americans say locales with access to mountains, rivers and other outdoor recreation would be most appealing, while 25% prefer living near a beach.
"There are many factors retirees should consider before deciding where to put down their roots," said Bankrate.com research and statistics analyst
While
"Deciding where to live in the golden years is still a very personal decision," said Kahn. "This list is meant to help inform, rather than choose a state for you. For example, if you want to retire on the beach and need top-notch health care, this can help narrow down your choices."
The full list can be seen in its entirety here:
http://www.bankrate.com/finance/retirement/best-places-retire-how-state-ranks.aspx
Methodology:
The 2015 ranking is based on Bankrate.com's most extensive statistical analysis yet. In addition to the statistics on cost of living, crime rate, weather and health care quality,
PSRAI obtained telephone interviews with a nationally representative sample of 1,001 adults living in the continental
Sources:
Crime rates came from the FBI
Weather statistics (rates of sunshine, humidity and temperature) from the
Health care quality statistics came from the
Calculations of state tax rates from the
Cost of living stats came from the
Well-being scores came from Gallup-Healthways Well-Being Index, an extensive year-round survey that helps measure residents' general happiness with their surroundings. The survey asks a variety of questions such as whether people think their community is "getting better or getting worse," and "did you smile or laugh a lot yesterday?"
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