Best 10 states for retirement -- which states will make the list?
September 20, 2010
MoneyRates.com has released the 10 worst states for retirement. This Wednesday, you'll get the good news -- a list of the 10 best states for retirement.
What do you think makes a place great for retirement? Is it balmy weather and sandy beaches? Perhaps golf courses and tennis courts, or maybe museums and theaters?
10 best states for retirement: the criteria
Everybody has their own tastes, but MoneyRates.com assembled its list of the best states for based on some quantifiable criteria:
- Economic conditions. Cost of living, tax burden, and unemployment rate were all factored into the assessment of economic conditions in each state.
- Crime rate. Crime is a serious issue in choosing a place to live at any stage of your life, but it is especially critical in retirement.
- Climate. Not everybody has their heart set on a warm-weather retirement site, but climate is enough of a factor that MoneyRates.com looked at how consistently a state's temperature stayed close to a moderate 68 degrees.
- Life expectancy. There are many things that go into life exectancy, from the cleanliness of the environment to the quality of the health care. Presumably, any issue that affects life expectancy would be important to retirees, so this is one more factor in the MoneyRates.com list.
Tell us what you think
What were the results of these calculations? You can find out on Wednesday, but for now it's fair to say that there are some surprises on the list. Which is great -- after all, what would be the point of doing the analysis if the answers were predictable from the outset?
What's significant is that the list contains a representative cross-section of Americas states. Members of the top 10 list range from the Atlantic to the Pacific, from the northeast to the southwest.
That should mean there's something for everybody -- but is your favorite state included? Give us your opinion in the comments section of this blog.
Which state do you think will be number one? What would you do differently in assembling your list? Let us know.