Mar 23, 2015 6:22 PM
Best places to retire in the United States
It's the American dream, you work hard and save for the perfect retirement. But wonder if there's a "best" place to make that dream a reality? Well there's a new report with a list of the best, and worst, states for those looking to retire.
A new report from Bankrate.com says Americans want more than just sunshine. Bankrate says it looked at the whole picture, cost of living, taxes, quality of health care, crime rate, overall well being and of course the all important weather to make its list.
According to the report, the best state to retire is Wyoming followed by Colorado, Utah, Idaho and Virginia. And then the worst. According to the report, Arkansas is at the bottom of the list under New York, Alaska, West Virginia and Louisiana.
But contrary to popular belief, retirees are not all looking for long walks on the beach. The study found that while 25 percent of people prefer to live near the beach, 40 percent prefer access to mountains, rivers, or other outside recreation, and 24 percent of those surveyed said that being close to family is the most important factor in deciding where to retire.
So if you're surprised that a state like Florida, known as a hot retirement spot isn't even in the Top 20, Bankrate says, "densley packed, touristy communities tend to be more expensive places to live. There's more competition for space and resources, and, as a result those states tend to put more financial pressure on people with fixed incomes. Retirees still may find a lot to love in those states, but it could take more work to stay happy."