Associated video above: How are you aware you’ll be able to afford to retire?
TAMPA, Fla. (WFLA) — Florida was ranked as one of the best state to retire in 2025, in line with a brand new examine by WalletHub.
Florida ranked as one of the best state for retirement resulting from low taxes for retirees, reminiscent of no property, inheritance, or revenue taxes, regardless of it having a excessive value of dwelling in comparison with different states, in line with WalletHub.
“Retirement is meant to be enjoyable, but it surely will also be extremely worrying provided that it usually places individuals on a hard and fast revenue, which is probably not sufficient for them to reside comfortably,” WalletHub Analyst Chip Lupo stated in an announcement, noting that one of the best states for retirees are states with low taxes.
The second finest state to retire is Minnesota, in line with WalletHub, resulting from entry to well being care, nursing properties, and well being care aids. The state additionally ranks excessive in safety in opposition to elder abuse.
Colorado ranked third because of the state’s lack of inheritance or property taxes, in line with the examine. It additionally has a low poverty charge for seniors and a low isolation charge for seniors.
The most effective states to retire in 2025
- Florida
- Minnesota
- Colorado
- Wyoming
- South Dakota
- Pennsylvania
- New Hampshire
- Delaware
- North Dakota
- Wisconsin
The worst states to retire in 2025
- Kentucky
- Louisiana
- Mississippi
- Washington
- New Mexico
- New Jersey
- Rhode Island
- West Virginia
- Arkansas
- Hawaii
For the complete rating and the methodology, go to the examine on WalletHub.
