Deciding where to retire is a critical decision that can significantly impact an individual's or couple's financial security, lifestyle, and overall wellbeing during their golden years. There are many factors to consider, including state’s safety, cost of living, healthcare services, state taxes, access to leisure activities, among others.
The 2024 Retirement Index Score offers a comprehensive and analytical overview of the best states to retire, based on these and several other considerations. The rankings are designed to provide retirees and near-retirees with actionable insights that can guide their retirement location decisions.
Key findings from the 2024 Retirement Index Score data include:
Generally, states with a balance of reasonable cost of living, low crime rates, high-quality healthcare, favorable tax structures, and a variety of recreational activities rank higher on the Retirement Index Score.
Long ass metric name here
To determine the best states to retire, 50 states were compared across four key categories:
Each of these was defined via individual metrics that were representative of the category. There were a total of 32 metrics which are listed below. Each metric was graded on a 100-point scale, with a score of 100 being the max. Each metric had state scores distributed from 0 to 100.
Finally, each state’s weighted average was determined across all metrics to calculate category scores. These were then summed to generate the final rank order of the states.