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Saturday, March 26, 2011

10 Best-Rated States for Retirement

AARP


10 Best-Rated States for Retirement

A super-low crime rate and modest tax burden put New Hampshire at the top of Money-Rates.com's list.

by: Mike DeSenne | September 22, 2010


10 Best-Rated States for Retirement

— Jose Azel/Aurora

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Many highly personal factors come into play when it's time to pick the perfect place to retire. Everything from availability of tee times to proximity to grandkids can have an impact on your decision. There's no one-size-fits-all formula. After all, one retiree's paradise can be another's hellish nightmare.

Money-Rates.com is trying to add some objectivity to what's otherwise a very individualized life choice. The finance website looked at a number of factors to come up with a list of the 10 best states for retirement. The criteria include climate, crime rate, life expectancy and economic conditions such as cost of living, job opportunities and taxes.

The No. 1 state on the list might come as a surprise to many considering that it's a long way away from the Sun Belt. Despite its climate challenges, New Hampshire is the best-rated state to retire to because of its super-low crime rate, modest living costs and reasonable tax burden. Hawaii came in second, thanks to gorgeous weather and long life expectancy, followed by South Dakota, which is both safe and affordable.

Here are all 10 best states for retirement according to Money-Rates.com:

1. New Hampshire
2. Hawaii
3. South Dakota
4. North Dakota
5. Iowa
6. Virginia
7. Utah
8. Connecticut
9. Vermont
10. Idaho

Wondering which states to avoid? Check out the 10 worst states for retirement.

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