- Colorado is ranked No. The best retirement destination in the U.S. is ranked No.3 due to its tax friendly policies, low rate of poverty among seniors, and abundance of recreational opportunities.
- Minnesota was ranked second in the same WalletHub survey due to its high quality of life and number of health care centers.
- Florida was ranked number one thanks to low taxes, a high number volunteer activities and the nation’s lowest death rate for those over 65.
It is important to note that the word “you” means “you”. best place to live in retirement The car should meet all the requirements, but it must also be affordable. In 2023 the average retired household spent According to the Consumer Expenditure surveys, Americans spend an average of $5,000 per month for living expenses. This includes housing, health care and food. WalletHub’s list of affordable retirement destinations in the U.S. is a good place to start.
The right place to live after you retire will make your money last longer. WalletHub, in its report on the best places to retire in America for 2025, reported that 66 percent (or non-retired) adults said their retirement savings were not on track.
The company compared all 50 states across 46 metrics, which it said act as “indicators of retirement-friendliness,” including retirement tax rates, cost of living, access to health care, and the number of daily recreational activities.
After analyzing the results, WalletHub was named Colorado This year, the number 3 place for retirement is located in Washington D.C. The No.
Colorado received high praise for its “taxpayer friendliness, which includes no estate or inheritance tax.” The state also boasts the lowest poverty rate among residents 65+ years old and the 10th least number of seniors who had experienced hunger within the past year.
WalletHub has added that the Centennial State is a fantastic spot for retirees Looking to remain in good physical and mental health. It boasts one of the best geriatric facilities in the country, as well as the lowest rate of social isolation among seniors. It has also the fourth-highest number of seniors in excellent health and the highest percentage of physically active seniors.
Colorado offers a wide range of volunteer opportunities, scenic drives, and theaters. It is also the state with the most theatres per person, ranking 11th in the United States.
Colorado joins the top 10 list of states. MinnesotaIts high quality of living, number of healthcare centers, and financial outlook for seniors made it the second best state. WalletHub reported that Minnesota has the 10th lowest share of residents 65+ living in poverty, and the 5th lowest percentage of those who have gone hungry in the past 12 months.
However, FloridaThe gold standard of retirement destinations is the State of Washington. It ranked first due to its low tax rates for retirees. There are no income, estate or inheritance taxes. Also, funding for transportation, homemaker support and nutrition programs can be obtained through the Older Americans Act.
“Florida is an ideal place for retirees.” The state has the second largest number of shoreline mile of any other state. This allows for many hours of relaxation at the beach. WalletHub also added that Florida has the second most adult volunteer activities, fifth most theater companies and seventh most golf courses and county clubs. Florida’s third lowest death rate for those 65+ is due to the many opportunities for seniors in Florida to remain healthy and happy.
View the complete rankings and see how your state is ranked. wallethub.com.
