Actions

Study: Florida is the best state to retire in

If retirement is still a big question mark for you because of finances, consider relocating to a state that lets you keep more money in your pocket without requiring a drastic lifestyle change.

By: WFTX Digital Team

Posted

and last updated

Florida gets high marks from one financial website, which says it’s the best state in America to retire in.

According to WalletHub's list of 2020's Best States to Retire, Florida ranked high on their metrics for affordability (#2), quality of life (#5) and health care (#26).

Rounding out the top 5 were Colorado, New Hampshire, Utah, and Wyoming.

The worst-ranked state was Kentucky, mostly for its poor health care rating. New Mexico and Rhode Island also scored poorly.

Alabama scored highest on the affordability scale, but their poor scores on the other two metrics pushed them down to #39 overall.

Minnesota topped the lists for quality of life and health care, but their poor affordability scale pushed their overall score to #16.

CLICK HERE for the full list.