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While preferences for retirement can vary greatly depending on factors such as climate, access to healthcare, and cost of living, several sources have compiled lists of states generally considered less ideal for retirement. However, please be aware that this response may vary slightly based on the specific metrics each study uses.
According to a 2020 study by Bankrate, here are the 10 “worst” states for retirement:
1. Maryland: High taxes and living expenses make this state unfavourable for many retirees.
2. New York: Cost of living and taxes are high, though it does have a high quality of healthcare.
3. Alaska: Very high cost of living, remote location and insufficient accessible healthcare can make it difficult for retirees.
4. Illinois: High taxes, high cost of living, and overall lower well-being score.
5. Washington: High cost of living, and the weather can be less than ideal for many retirees.
6. Nebraska: Higher taxes and somewhat mediocre scores in other areas.
7. Arkansas: While cost of living is low, the poor healthcare and high crime rates can make it less than ideal for retirees.
8. Oregon: Weather and relatively high cost of living can affect this option for retirees.
9. California: The cost of living and taxation can be too high for many retirees.
10. Nevada: The quality of healthcare and higher crime rates can impact retirees.
Remember everyone’s preferences and needs in retirement are unique, so one person’s worst could be another’s
