Top 10 Best States to Retire Based on Quality of Life


#1 State to Retire for a High Quality of Life: Massachusetts

Massachusetts is the best state for retirees based on quality of life. While the state ranked in the bottom half of the list for affordability, it got top marks for health care, coming in second place.

Massachusetts is one of the best medical centers in the world and was an early leader in the fight to improve social conditions, according to British. The state has been a leader in advancing progress in areas such as health care coverage, quality of public education, same-sex marriage, and many others.

The state is considered moderately tax-friendly for retirees, according to smart asset. For example, income from Social Security is not taxed, but withdrawals from retirement accounts are fully taxed.

Minnesota ranked as the no. 2 best state to retire in 2023 based on quality of life, according to WalletHub.

Pictures of Cavan | cavan | Getty Images

Top 10 Best States to Retire Based on Quality of Life

  1. Massachusetts
  2. Minnesota
  3. Pennsylvania
  4. Florida
  5. New Hampshire
  6. Maine
  7. Vermont
  8. Ohio
  9. Wyoming
  10. new York

Minnesota ranked second on the list. Minnesotans enjoy the fourth longest llife expectancy in the country, with an average of 80.9 years, according to world population review.

The state also has one of the lowest levels of poverty in the United States. This year, WalletHub ranked it as the fourth best state to raise a family due to high median family income, $77,706, and low levels of separation and divorce.

Crime rates are low in the state and the air is clean.

Pennsylvania ranks among the best states to retire based on several factors, including affordability and quality of life.

Robert D. Strovers | Getty Images

Pennsylvania completes the top three. It is known as the “Snack Capital of the World”, being one of the largest producers of canned fruit and vegetable specialty snacks in the country. Some of these company names include Martin’s Snacks, Snyder’s of Hanover, Utz Brands, Julius Sturgis Pretzel Bakery, and The Hershey Co.

In Pennsylvania, there is no tax on retirement income for residents.

The state is also one of the best in health care, welfare and safety, affordability and entertainment, according to Scholaroo, a platform that helps students find scholarships.

Keystone State also has many nursing homes and ranks highly for its geriatric care providers.

DON’T MISS: Want to be smarter and more successful with your money, your job, and your life? Subscribe to our new newsletter!

Get CNBC’s free report, 11 ways to tell if we’re in a recession, where Kelly Evans reviews the main indicators that a recession is approaching or has already begun.

Source link

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top