Some of the best states in which to retire include Nebraska, Wyoming, Colorado, Utah and Idaho, according to Bankrate. These were picked as the best states for retirees based on a national survey and on the Gallup-Healthways Well-Being index score of residents. As of 2015, Wyoming is considered the best state for retirees because of its low crime rate and low income taxes, which are 6.9 percent, the lowest percentage in the country for states with an income tax.Continue Reading
Other states considered the best for retirees to live include Arizona, South Dakota, Montana, Iowa and Virginia, states Bankrate. One of the reasons Virginia is considered a good state for retirement is because of its weather, which is neither too hot nor too cold, and does not receive much snow outside of the mountains. Virginia also offers a low cost of living and an above-average health care system, according to rankings by the Agency for Healthcare Research and Quality. Rated the third-lowest in violent crime and the eight-lowest in property crime, Virginia is generally a safe place to live.
Colorado offers retirees some of the best weather in the United States, rated behind only California and New Mexico in weather, according to Bankrate. Colorado has the sixth-highest Gallup-Healthways Well-Being index score in the United States, meaning residents are generally happy and personally satisfied with their surroundings. The state also offers health care that is better than the national average.Learn more about Financial Planning