The 10 Best States for Clients to Retire in 2019
by Diana Britton
Wealth Management.com
These states are the best places for your clients to retire, based on criteria from WalletHub.
As clients come up on retirement, they may come to you for advice on where the best places are to settle into
old age. Retirees are looking for the best combination of tax-friendliness, low cost of living, sunny days,
cultural attractions and access to quality health care.
Some choices, such as Florida, may be more obvious. The state ranks high for affordability and quality of life.
But other states that folks may dream of retiring to, such as California and Hawaii, rank low on the list, with
the highest cost of living in the country.
Other choices, such as South Dakota or Wyoming, may surprise you. They have a lower cost of living, better
taxes and low crime rates.
WalletHub recently ranked the 50 states on retirement-friendliness across affordability, quality of life and
health care. States were scored across 46 metrics, graded on a 100-point scale and weighted.
Click here to learn more details.
1. Florida
Ranking for Tax-Friendliness on Pensions and Social Security Income: 1
Annual Cost of Adult Day Health Care: $17,550
Ranking for Mildness of Weather: 12
Golf Courses per Capita: 0.3413
Share of Residents Who Do Favors for Their Neighbors (proxy for Neighborhood Friendliness):
57.6%
Life Expectancy: 79.48
2. South Dakota
Ranking for Tax-Friendliness on Pensions and Social Security Income: 1
Annual Cost of Adult Day Health Care: $18,460
Ranking for Mildness of Weather: 22
Golf Courses per Capita: 0.1492
Share of Residents Who Do Favors for Their Neighbors (proxy for Neighborhood Friendliness):
72.2%
Life Expectancy: 79.57
3. Colorado
Ranking for Tax-Friendliness on Pensions and Social Security Income: 29
Annual Cost of Adult Day Health Care: $19,500
Ranking for Mildness of Weather: 14
Golf Courses per Capita: 0.133
Share of Residents Who Do Favors for Their Neighbors (proxy for Neighborhood Friendliness):
68.7%
Life Expectancy: 80.21
4. New Hampshire
Ranking for Tax-Friendliness on Pensions and Social Security Income: 29
Annual Cost of Adult Day Health Care: $20,410
Ranking for Mildness of Weather: 34
Golf Courses per Capita: 0.1066
Share of Residents Who Do Favors for Their Neighbors (proxy for Neighborhood Friendliness):
67%
Life Expectancy: 80.15
5. Virginia
Ranking for Tax-Friendliness on Pensions and Social Security Income: 10
Annual Cost of Adult Day Health Care: $18,200
Ranking for Mildness of Weather: 44
Golf Courses per Capita: 0.1476
Share of Residents Who Do Favors for Their Neighbors (proxy for Neighborhood Friendliness):
59.7%
Life Expectancy: 79.18
6. Utah
Ranking for Tax-Friendliness on Pensions and Social Security Income: 41
Annual Cost of Adult Day Health Care: $12,090
Ranking for Mildness of Weather: 7
Golf Courses per Capita: 0.0815
Share of Residents Who Do Favors for Their Neighbors (proxy for Neighborhood Friendliness):
77.9%
Life Expectancy: 79.91
7. Iowa
Ranking for Tax-Friendliness on Pensions and Social Security Income: 10
Annual Cost of Adult Day Health Care: $16,237
Ranking for Mildness of Weather: 26
Golf Courses per Capita: 0.2531
Share of Residents Who Do Favors for Their Neighbors (proxy for Neighborhood Friendliness):
71.6%
Life Expectancy: 79.73
8. Wyoming
Ranking for Tax-Friendliness on Pensions and Social Security Income: 1
Annual Cost of Adult Day Health Care: $28,990
Ranking for Mildness of Weather: 11
Golf Courses per Capita: 0.093
Share of Residents Who Do Favors for Their Neighbors (proxy for Neighborhood Friendliness):
64.4%
Life Expectancy: 78.62
9. Pennsylvania
Ranking for Tax-Friendliness on Pensions and Social Security Income: 1
Annual Cost of Adult Day Health Care: $16,900
Ranking for Mildness of Weather: 28
Golf Courses per Capita: 0.229
Share of Residents Who Do Favors for Their Neighbors (proxy for Neighborhood Friendliness):
69.8%
Life Expectancy: 78.76
10. Minnesota
Ranking for Tax-Friendliness on Pensions and Social Security Income: 47
Annual Cost of Adult Day Health Care: $21,580
Ranking for Mildness of Weather: 39
Golf Courses per Capita: 0.2492
Share of Residents Who Do Favors for Their Neighbors (proxy for Neighborhood Friendliness):
70%
Life Expectancy: 80.9