Personal Finance

Best and worst states to retire

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These are the best and worst places to retire in 2017

Most people are focused on when they will retire. A better question may be where.

With more and more retirees responsible for their own financial security, almost half of Americans said they were "very concerned" or "terrified" that the rising cost of living will affect their retirement plans, according to a survey by insurance provider Allianz Life

To stretch your savings, choosing the right destination once you've stopped working can make or break those lazy-day fantasies.

"When it comes to overall affordability, taxes and inexpensive healthcare are things that could really help stretch that fixed income even further," said Jill Gonzalez, an analyst with WalletHub, a personal finance site. 

To that end, WalletHub compared the retirement-friendliness of all 50 states and the District of Columbia using criteria such as cost of living, crime rate, tax-friendliness on pensions and Social Security income, number of health care facilities, access to public transportation as well as the number of golf courses and museums – this is retirement after all.

Some of the top spots were no surprise – hello, Florida. Others, like South Dakota and Iowa, were less expected. 

Here are the states that ranked the best for those golden years, according to WalletHub. (And if you are thinking even more outside the box, here are the world's top 10 retirement destinations.)

Overall Rank State Total Score Affordability Rank Quality of Life Rank Health Care Rank
1Florida69.2211124
2Wyoming67.8142519
3South Dakota67.0615332
4Iowa66.262665
5Colorado64.8527177
6Idaho64.12143116
7South Carolina6473733
8Nevada63.646942
9Delaware63.59104025
10Wisconsin63.343354
11Pennsylvania63.2320432
12Montana63.08232413
13Arizona63.04211621
14Missouri61.73221828
15Michigan61.69281226
16Washington61.31312017
17Utah61.25253518
18Texas61.1133644
19Virginia61.08192331
20Georgia60.55113241
21Minnesota60.494521
22Maine60.4137714
23North Carolina60.27182637
24New Hampshire60.24351911
25Ohio59.59242236
26Oregon59.47303022
27Kansas58.83341423
28Oklahoma58.47123943
29Tennessee58.2653847
30Nebraska57.7840288
31Illinois57.15321538
32California56.942820
33Louisiana56.7494346
34Indiana56.67292940
35Massachusetts56.5847310
36Alabama56.4624750
37Maryland55.73392127
38North Dakota55.0943426
39West Virginia54.48134448
40Mississippi54.4884951
41New York53.5446130
42Arkansas53.45174845
43Kentucky53.27164549
44Vermont52.79481012
45New Mexico52.61364139
46New Jersey52.55412735
47Hawaii51.8550343
48Connecticut51.34491315
49District of Columbia50.9644519
50Alaska50.82385034
51Rhode Island43.84514629
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