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10 Best and 10 Worst Countries for Retirees: A Comprehensive Guide


Today, many people move and move more thanks to the benefits of technology and working remotely. near person Retired Age Also looking for new places to call home. A recent study by the Blacktower Financial Management Group analyzed the best and worst for retirees. This article will break down each of these states.

The best and worst countries to retire

If you are planning to retire now or in the near future, there are many factors to consider. For example, you should pay big bills, take stock of your investments to update your retirement plan, and educate yourself about Medicare and social security benefits. You may also want to move to a new place and need to move on fix your credit before buying a home that you can live in in retirement.

Recent research by Blacktower Financial Management Group created an index of all 50 states and shared the results on the best and worst states to live in to simplify the retirement process. To calculate the index, they normalized the different data types individually from 0 to 1 and then summed the results. The study look at crime, cost of living, percentage of population over 65, property prices and life expectancy.

Now that you know how research is made, let’s move on to the 10 best and 10 worst states for retirees!

10 best countries to retire

1.Florida

Sunshine State takes the top spot as the best place for retirees. About 25.6% of Florida’s population is over the age of 65, which means retirees won’t find themselves overwhelmed by younger groups. Florida’s low cost of living, $252,309 median home price, and Florida’s higher life expectancy are also factors that put Florida at the top of the list.

Additionally, Florida is perfect for working retirees or those running a business, with its low tax efficiency and leadership position in the industry. Business innovation and growth.

2. Minnesota

The Midwestern state of Minnesota comes in at number two on the list. The state has a low crime rate, a low cost of living and a high life expectancy. Lower cost of living could make it easier create your retirement plan and stick to it.

3. Iowa

Iowa’s cost of living index is 91.9 and Minnesota’s crime index is roughly equivalent to 293.4. What makes Iowa so attractive to retirees is its low cost of living and median home price of $154,727. Furthermore, Iowa’s life expectancy is higher than Florida’s, with an average age of 79.7.

4. Ohio

Ohio boasts a low crime index, a low cost of living, and an equivalent population over 65 of 22.3%. Home prices in Ohio are similar to those in Iowa, with the median home costing just $153,593.

5.Texas

Of the top 10 states, Texas has the lowest percentage of the population in retirement age, just 16.8% over the age of 65. Texas’ median home price splits the difference between the more expensive states in the top 10, like Florida, and the less expensive states. states, such as Iowa and Ohio. However, housing in Texas is among the largest domestic.

6. Wisconsin

Wisconsin boasts an 80-year lifespan, a home price comparable to the other 10 top contenders, and a low cost of living index of 96.4. Wisconsin also has a high percentage of the population over the age of 65 at 22.0%.

7. Nebraska

Nebraska’s low cost of living and median home price ($178,938) are key to making the state into the top 10. Nebraska also has a low crime index of 305.9. Finally, Nebraska’s life expectancy is pretty close to Wisconsin’s at 79.8.

8. Pennsylvania

Pennsylvania performed above average scores across the board, but notably yes The average cost is quite low for homes at $178,938. Pennsylvania also has a crime index and a slightly higher cost of living than average. Finally, the proportion of the population over 65 years old is 23.7%.

9. Illinois

Illinois has the highest crime rate index among the top 10 states at 438.8. However, home prices in Illinois are the same as elsewhere in the top 10 at $204,839. Overall, Illinois is in a similar position to other states in the top 10.

10. Idaho

Among the top 10 best states to retire is Idaho. Idaho is a popular destination during the Covid-19 pandemic because of the low cost of living. It remains a great place for retirees because of its low crime and average life expectancy.

10 worst countries to retire

1.Alaska

The worst state to retire to is Alaska. Alaska’s crime index is 829 and only 15.8% of the population is over 65. Alaska also has a high median housing cost of $300,073.

2. Hawaii

Despite life expectancy at 81.3, Hawaii’s median home cost of $642,526 and a high cost of living index (191.8) make it one of the worst states to live in after retirement.

3. Nevada

Nevada faces a high crime index of 555.9, a high median home price of $309.730 and a lower life expectancy of 78.1. While the state has a favorable tax environment, higher home prices can make it more difficult to buy a home. saving for retirement and make those savings last.

4. New Mexico

Facing the same crime index problems as Alaska, New Mexico has a crime index of 783.5, a cost of living index of 88.2 and a below-average life expectancy of 78.4.

5. Tennessee

Tennessee also has a higher crime index of 651.5. Another problem the state faces is the low life expectancy of 76.3. Despite being near the bottom of the list, home prices in Tennessee are quite reasonable, averaging $192,630.

6. Alabama

Alabama faces a low life expectancy of 75.4 and a higher crime index (524.2). One promising aspect of Alabama is the low median home price at $143,072. If you’re worried about longevity and want to make sure your spouse and children are supported in the worst-case scenario, consider whether a life insurance plan for couples right for you and your family.

7.Louisiana

Louisiana faces a high crime index similar to the 10 worst places to live. It also has a low average lifespan of 75.7. In addition, only 20.1% of the population is over 65 years old, so it is more suitable for the younger generation.

8.Maryland

Maryland’s high crime index is one of the reasons it ranks at number 8 among the worst states for retirement. It also has a low average life expectancy of 78.8 and a high cost of living index at 127.6 .

9. Arkansas

Arkansas has a lower life expectancy of 76.0 and a higher crime index of 554.9. However, the low cost of housing and lower cost of living have helped keep it from the absolute bottom.

10. Montana

Montana has the same problems as the rest of the ten worst places to live. It has a higher, higher crime stat Cost of living compared to Nevada and Hawaii, and the median home cost is higher at $288,867.

First published on due date. read here.

Featured image credit: Photo by Los Muertos Crew; Pexels; Thank you!

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