New York ranks among the top 5 states to retire

ALBANY, NY (NEWS10) — Many are retiring later than expected, according to WalletHub, whose latest study — “2023’s Best States to Retire” — tracked the financial strains of the current economy. Therefore, rather than asking when to throw in the towel, the study asked where is the best place to do so.

The study compared the 50 states on 47 key indicators of retirement-friendliness, including affordability, health-related factors, and overall quality of life. New York ranks in the bottom five.

The state came last in affordability, thanks in part to the adjusted cost of living and annual cost of domestic services. According to the study, high taxes also played a role in the ranking of the bottom places.

However, nearby Massachusetts made the top 20. The state ranked first in WalletHub’s quality of life rankings, and its healthcare system outperformed most of the US

The five states where you can retire are Virginia, Florida, Colorado, Wyoming and Delaware, according to researchers. A full list of leaderboards is below.

Best and Worst States to Retire in 2023:

overall ranking Condition total score affordability life quality health care
1 Virginia 57.55 16 11 11
2 Florida 57.43 9 4 28
3 Colorado 57.41 14 27 5
4 Wyoming 55.60 5 9 38
5 Delaware 55.49 6 33 18
6 New Hampshire 55.00 31 5 7
7 South Dakota 53.61 25 30 9
8th Minnesota 53.50 40 2 1
9 Idaho 53.20 fifteen 17 31
10 North Dakota 53.03 22 25 20
11 Utah 52.73 20 24 26
12 North Carolina 52.60 12 23 35
13 Missouri 52.37 17 28 32
14 Pennsylvania 52.27 36 3 12
fifteen Montana 52.07 24 fifteen 29
16 South Carolina 52.06 4 38 39
17 Massachusetts 51.88 47 1 2
18 California 51.64 32 19 10
19 Alaska 51.27 26 36 8th
20 Arizona 51.07 18 35 25
21 Wisconsin 50.90 34 14 17
22 Alabama 50.65 1 44 50
23 Ohio 49.81 27 8th 37
24 Hawaii 49.73 38 29 4
25 Nebraska 49.30 37 16 fifteen
26 Iowa 48.92 35 12 24
27 Georgia 48.58 7 40 42
28 Michigan 48.03 29 18 36
29 Maine 47.50 43 6 13
30 New Mexico 47.47 21 46 30
31 Indiana 47.32 23 31 40
32 Nevada 47.23 11 42 41
33 Tennessee 47.16 2 48 45
34 Vermont 47.12 48 7 6
35 Connecticut 47.11 44 26 3
36 Kansas 46.76 30 32 33
37 West Virginia 46.44 3 43 49
38 Oregon 46.10 41 21 21
39 Texas 45.90 28 37 34
40 Rhode Island 44.95 39 39 14
41 Arkansas 44.73 8th 49 44
42 Maryland 44.55 46 20 19
43 Washington 44.46 45 13 23
44 Illinois 44.30 42 22 27
45 Louisiana 43.90 13 45 47
46 new York 43.69 50 10 16
47 Oklahoma 43.61 19 47 43
48 Mississippi 40.80 10 50 48
49 New Jersey 40.23 49 34 22
50 Kentucky 38.80 33 41 46
Source: WalletHub

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