The 10 Best US States to Retire in 2022


Deciding where to spend what will hopefully be one of the most relaxing years of your life is not easy.

Here, with a little help, personal finance website WalletHub, which has a new report ranking the best and worst US states in which to retire based on factors such as affordability, quality of life and health care. While some scenic destinations top the list, like sunny Florida and mountainous Colorado, the bottom of the list includes two of the most populous states in the northeast.

The worst state in the United States for retirement is New Jersey, followed by Mississippi and New York, according to WalletHub’s findings. Money issues play a large role in these low rankings, with New York ranking as the least affordable state and New Jersey following close behind, while Mississippi ranks at the bottom in terms of quality of life, according to WalletHub. .

It’s no surprise that money is such an important consideration when choosing the best place to retire. After all, 26% of non-retirees have no retirement plan, according to a 2021 report from the Federal Reserve.

Yet, on average, people in the United States have about $400,000 to nest on. That number is higher in states like Connecticut, where the average person has a retirement balance of around $520,000.

But others aren’t as well equipped to exit the workforce, which is why affordability is one of the main factors to consider when looking for a place to settle. In fact, the top two states in WalletHub’s rankings, Florida and Virginia, are both among the top 10 most affordable states in the United States.

Check out WalletHub’s 10 best states for retirement to make the most of your golden years:

1. Florida

  • Affordability Ranking: 4
  • Quality of life ranking: 5
  • Healthcare Ranking: 27

Condominiums along the Miami coast.

Jeffrey Greenberg | Universal Image Group | Getty Images

2. Virginia

  • Affordability Ranking: 9
  • Quality of life ranking: 7
  • Healthcare Ranking: 13

3. Colorado

  • Affordability Ranking: 11
  • Quality of life ranking: 21
  • Healthcare Ranking: 4


  • Affordability Ranking: 6
  • Quality of life ranking: 35
  • Healthcare Ranking: 15


  • Affordability Ranking: 36
  • Quality of life ranking: 3
  • Healthcare Ranking: 1

6. North Dakota

  • Affordability Ranking: 25
  • Quality of life ranking: 16
  • Healthcare Ranking: 16


  • Affordability Ranking: 14
  • Quality of life ranking: 18
  • Healthcare Ranking: 31


  • Affordability Ranking: 19
  • Quality of life ranking: 20
  • Healthcare Ranking: 26

The Great Arch in Zion National Park, Utah.

THIN DANIEL | AFP | Getty Images

Tie-9. Arizona

  • Affordability Ranking: 15
  • Quality of life ranking: 32
  • Healthcare Ranking: 24

Tie-9. New Hampshire


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