UNDATED – With 27% of all nonretired adults having no retirement savings, the personal-finance website WalletHub today released its report on 2022’s Best States to Retire, as well as accompanying videos and expert commentary.
To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub compared the 50 states across 47 key metrics. Our analysis examines affordability, health-related factors and overall quality of life.
South Dakota ranks 14th overall in the study. The state is 11th for Health Care, 22nd for Affordability and 33rd for Quality of Life.
| Best States to Retire | Worst States to Retire |
| 1. Florida | 41. Louisiana |
| 2. Virginia | 42. West Virginia |
| 3. Colorado | 43. Arkansas |
| 4. Delaware | 44. Rhode Island |
| 5. Minnesota | 45. Illinois |
| 6. North Dakota | 46. Oklahoma |
| 7. Montana | 47. Kentucky |
| 8. Utah | 48. New York |
| T-9. Arizona | 49. Mississippi |
| T-9. New Hampshire | 50. New Jersey |
Best vs. Worst
- Mississippi has the lowest adjusted cost-of-living index for retirees, 85.87, which is 2.1 times lower than in Hawaii, where it is highest at 182.59.
- Louisiana has the lowest median annual cost of elderly housekeeping, $38,896, which is 1.8 times lower than in Washington, where it is highest at $71,294.
- South Dakota has the highest share of the population aged 65 and older still working, 22.98 percent, which is 1.7 times higher than in West Virginia, where it is lowest at 13.27 percent.
- Florida has the highest share of the population aged 65 and older, 20.10 percent, which is 1.9 times higher than in Utah, where it is lowest at 10.80 percent.
To view the full report and your state’s rank, please visit:
https://wallethub.com/edu/
