For some of us, retirement is an exciting thought and for others, it is a slightly worrying one. The daily routine change, having all that free time we are not used to having, finding new hobbies. Many people decide to relocate for their retirement years, and there are many different reasons to do so; lower living costs, improved healthcare, better weather, to be closer to family… whatever the reasons, this is the time to do what is best for YOU!
Ranked According To Cost Of Living These Are The Best States To Retire In. What Do You Think
We gathered information from Kiplinger, Milken Institute, National Association of Realtors, Bureau of Labor Statistics, and more, to give you a ranking of the 50 states and the cost of living, tax breaks data, annual income, and the cost of healthcare, in each state, to get an understanding of where it might be best to spend your Golden Years.
50. Hawaii
Cost of living: 87 percent above U.S. average
Population: 1.4 million
Best city: Maunawili
PRO: Niche.com recommends the city of Maunawili on the island of O’ahu, in the tropical state of Hawaii, as a wonderful place to retire. Hawaii is generally known for its stunning nature and water sports life, and Manuawilli has many popular hiking trails and it isn’t too far from Honolulu, the state capital.
50. Hawaii
CON: The cost of living in Hawaii is high. In fact, it is 87 percent higher than average in the U.S., higher than California, the other state renowned for the year-round sunshine and liberal lifestyle. According to Kiplinger, the average income for over 65’s is roughly $71K, and not many of the population meet U.S. poverty guidelines.
NEXT: Eek!! This is a state that sits on two main tectonic plates.
