It’s the end of your career and you’re finally starting to think about all those retirement plans, which means you might want to consider finding the right state to fit your needs.
With almost 570,000 adults 65 and older moving to a new state in the past year, a new study, conducted by Bankrate, compiled a list of the best and worst states for retirement, finding Nebraska is the best state to retire.
The Cornhusker State was followed by Iowa, Missouri, South Dakota, and Florida.
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Nebraska ranked the highest because of several factors including affordability, crime, culture, and wellness.
Iowa and Missouri ranked particularly high in terms of affordability with both finishing within the top eight.
“Where to live is probably one of the most personal decisions one can make because it’s not just about preferences, it’s also about the financial considerations that are associated with it,” Mark Hamrick, a senior economic analyst at Bankrate, said in a news release.
Florida has the largest percentage (19) of population 65 and older, according to the survey, and its warm climate ranked only behind Hawaii, making it an optimal choice to spend your retirement.
As for the worst states to retire, Maryland topped the list followed by New York, Alaska, Illinois, and Washington.
Maryland ranked in the lower half of affordability (47th), Crime (33rd), Culture (42nd), and Wellness (37th). New York was ranked the least affordable state on the list.
Bankrate compiled the rankings by calculating data from several sources including crime reports and information provided by the U.S. Census Bureau.