10 best states for retirement

There’s a lot to consider when employees think about retiring. A good question for workers to ask themselves is not only when they plan to retire, but where.

According to recent data from the Federal Reserve, nearly 25% of non-retired adults haven’t saved any money for retirement. But employees may get in better financial shape for their post-work years by relocating to a state that lowers their cost of living without requiring a drastic change in lifestyle.

To help inform employees on the best and worst places to retire, financial website WalletHub has compared states across three key metrics: affordability, quality of life and healthcare.

Affordability was calculated using metrics such as tax-cut friendliness and adjusted cost of living. Quality of life measured areas including crime rates and water and air quality. Lastly, healthcare put weight on areas including facilities, physicians per capita and life expectancies.

According to WalletHub’s research, these states come out on top. (To see the 10 worst states for retirement, click here.)

Springtime Sunset over Downtown Minneapolis, St Anthony Falls and Mississippi River - Aerial Shot

10. Minnesota

Total score: 59.88
Affordability score (ranked out of 50): 43
Quality of life score (ranked out of 50): 1
Healthcare score (ranked out of 50): 1
Historic Architecture in Harrisburg the State Capital of Pennsylvania USA

9. Pennsylvania

Total score: 59.94
Affordability score: 23
Quality of life score: 5
Healthcare score: 22
Cheyenne, Wyoming - State Capitol Building. Cheyenne, Wyoming, USA.

8. Wyoming

Total score: 60.13
Affordability score: 8
Quality of life score: 12
Healthcare score: 36
Des Moines.Iowa.Getty.2.10.19.jpg
Here we have the Des Moines Skyline, Iowa Women of Achievement bridge and the river all in one great night shot

7. Iowa

Total score: 60.41
Affordability score: 27
Quality of life score: 8
Healthcare score: 10
Salt Lake City.Utah.Getty.2.10.19.jpg
Sunset light hitting Salt Lake City and mountain range

6. Utah

Total score: 60.73
Affordability score: 16
Quality of life score: 14
Healthcare score: 16
Richmond, Virginia, USA downtown skyline on the river at twilight.

5. Virginia

Total score: 60.82
Affordability score: 14
Quality of life score: 13
Healthcare score: 24
The New Hampshire State House, located in Concord at 107 North Main Street, is the state capitol building of New Hampshire.

4. New Hampshire

Total score: 61.80
Affordability score: 25
Quality of life score: 3
Healthcare score: 9
Photography of the Denver Skyline at Sunset with snowy winter peaks in distance.

3. Colorado

Total score: 62.19
Affordability score: 26
Quality of life score: 9
Healthcare score: 4
Water reflects the American Flag waving in front of the capitol dome in Pierre, SD

2. South Dakota

Total score: 63.72
Affordability score: 9
Quality of life score: 22
Healthcare score: 5
The old and new Florida State Capitol buildings in downtown Tallahassee, Florida.

1. Florida

Total score: 65.60
Affordability score: 1
Quality of life score: 7
Healthcare score: 27