Best States To Retire 2019

Many of us look forward to the day that we retire. All of the years of hard work will be behind us, and we’ll be able to begin to enjoy the fruits of our labors. Some of us have even planned where we will retire. Maybe it’s a state known for warm sunshine or beautiful beaches. Perhaps it’s a state with rolling fields and beautiful countryside. Perhaps you want to retire in a beautiful condo in the middle of all of the action.

Whether retirement is many years away or you’re counting down the days, it’s never too early or too late to begin researching your options for retirement – starting with the states that are ranked as the best for retirement.

It’s important to note that there is no definitive measure of the best state for retirement. However, some publications and think tanks have used several factors to compile their lists of the best states for retirement.

Kiplinger created one list. The factors used to determine the ranking of all 50 states include living expenses, health care costs, poverty rates, and the economic wellness of the state.

According to Kiplinger’s list, South Dakota has ranked the top state for retirement. The cost of living is 4% below the national average, health care costs are below average, and it is one of the most fiscally sound states in the nation.

The state of Hawaii is the second top state for retirees. Even though the cost of living is high above the national average, health care costs are very affordable. The beautiful beaches, high household income levels, and a healthy population all contribute to this state’s ranking on Kiplinger’s list.

The state of Georgia is ranked number 3 in this poll. The cost of living in this state is 7% below the national average. The warm weather and being a tax-friendly state for retirees is why Georgia is ranked so favorably.

The top 10 states in Kiplinger’s 2017 poll are:

State Annual Spending for Comfortable Retirement 2019 Pop.
Mississippi$53,071.872,987,895
Oklahoma$54,558.133,948,950
Arkansas$54,743.913,026,412
Missouri$54,991.626,147,861
Michigan$55,301.2610,020,472
Alabama$55,425.114,898,246
Tennessee$55,425.116,833,793
Kansas$55,548.972,910,931
Indiana$55,796.686,718,616
Wyoming$56,044.39572,381
Georgia$56,477.8810,627,767
Texas$56,539.8129,087,070
Iowa$56,849.453,167,997
Kentucky$56,849.454,484,047
New Mexico$57,468.722,096,034
Ohio$57,468.7211,718,568
Nebraska$57,778.361,940,919
Louisiana$57,964.144,652,581
North Carolina$58,211.8510,497,741
Idaho$58,335.711,790,182
West Virginia$58,645.341,791,951
Illinois$59,264.6212,700,381
Wisconsin$59,326.555,832,661
Arizona$60,503.177,275,070
Utah$60,812.813,221,610
South Carolina$60,874.735,147,111
South Dakota$60,998.59892,631
Pennsylvania$61,060.5212,813,969
North Dakota$61,122.44760,900
Florida$61,246.321,646,155
Minnesota$62,856.415,655,925
Virginia$63,166.058,571,946
Montana$64,404.61,074,532
Colorado$65,333.515,770,545
Delaware$65,643.15975,033
Nevada$67,067.483,087,025
New Hampshire$67,686.761,363,852
Washington$67,810.617,666,343
Maine$72,579.031,342,097
Vermont$73,507.94627,180
New Jersey$75,861.198,922,547
Rhode Island$75,861.191,056,738
Connecticut$79,762.623,567,871
Alaska$80,877.32735,720
Oregon$81,248.884,245,901
Maryland$81,310.816,062,917
Massachusetts$82,8596,939,373
New York$84,035.6219,491,339
California$85,893.4439,747,267
District of Columbia$100,879.9711,571
Hawaii$117,724.181,416,589