What are the key features of a retirement destination. It must be beautiful, safe, and affordable. There’s a Western state that offers all of that.
Wyoming was ranked the fourth-best state for retirement on WalletHub’s list of the Best and Worst States in which to Retire in 2025. It is now even more appealing to retire to.
WalletHub compared 50 states in three categories: quality of life, affordability and health care. The website explained it used 46 metrics to measure these categories, including adjusted cost of life, average annual costs of adult in-home care and out-of home health care, as well as the share of population over 65. The website also included some fun metrics, such as the number and type of museums, golf courses, and theaters in each city, as well the number of volunteer opportunities to keep retirees busy.
The Equality State is ranked No. 38 for health care, but No. After analyzing the data, the Equality State was ranked No. Quality of Life: No.3, and Affordability: No.1. This gives it a significant edge in the overall rankings. It is ranked No. 1 in affordability, which gives it an edge over other cities.
Wyoming retirees are able to easily find friends within their age range. According to the 2023 Healthy Aging ReportThe 65-and-older group was the fastest growing age group between 2010 and 2021. It now accounts for more than 16 % of the population. The rapid growth of the older population in the state is notable, and future public policies will take into consideration this factor.
It is also ranked No. Sixth in the lowest violent crimes across the country. according to U.S. NewsNo.7 is public safety. The number 7 is for the safety of public.
WalletHub points out that the state of New Hampshire is very affordable. According to SoFiThe median monthly cost of a mortgage in the state is 1,691, and the median rent is $739 for a home with one bedroom. There are also many opportunities to explore the state, including its more than 100 hiking trails You can also find out more about the following: stunning mountains The Teton and Big Horn Ranges.
Tax benefits are also included. It’s also one of nine U.S. States that don’t impose any state income taxes on social security income. The state does not impose estate or inheritance taxes. This allows seniors to receive their full retirement income without paying any tax.
Colorado ranked higher on the list than Wyoming, at number 3. Minnesota ranked No. Florida comes in at number 2. 1.
“There’s a reason Florida is known as a retirement paradise—it ranks as the best state to retire due to its relatively low taxes for retired people, including no estate, inheritance, or income taxes,” WalletHub wrote in its findings. Florida also receives more funding from the Older Americans Act per senior than any other state except two. The money is used to fund transportation, nutrition programs and homemaker assistance for seniors.
Find out the results and your state’s ranking wallethub.com.
