Retiring Baby Boomers Must Avoid Living In These States

Nation and State ^ | 08/06/2021 | Tyler Durden

[SeekAndFind]

Retiring Baby Boomers Must Avoid Living In These States

Retiring Baby Boomers Must Avoid Living In These States

Millions of Baby Boomers retire each year from the US labor force. They must make the difficult decision if their current home state is worth living out their “golden years” of adulthood.

To simplify the process of what states are the best for retirees in 2021. The finance website Bankrate provides new data of the worst states to retire in this year.

Bankrate examined five essential factors: affordability, wellness, culture, weather, and crime for each state. Affordability and wellness were weighted the most, 40% and 20%, respectively.

The survey found that Maryland, Minnesota, and Kansas were the worst three states to retire in.

“It’s a complicated formula to figure out what’s going to attract people to your state and how to create the best climate for them,” Jeff Ostrowski, Bankrate analyst, told CNBC. “It’s a combination of factors, some in the control of the state and its leaders and some that are not.”

Ostrowski said Maryland ranked the worst because of complaints about the state’s tax burdens.

Here’s the full list of the eleven worst states to retire in this year:

11. Washington

• Affordability rank: 36
• Wellness rank: 8
• Culture rank: 27

9. TIE: Idaho

• Affordability rank: 22
• Wellness rank: 39
• Culture rank: 30

9. TIE: Connecticut

• Affordability rank: 49
• Wellness rank: 7
• Culture rank: 9

8. Alabama

• Affordability rank: 8
• Wellness rank: 44
• Culture rank: 43

6. TIE: Arkansas

• Affordability rank: 19
• Wellness rank: 49
• Culture rank: 42

6. TIE: Maine

• Affordability rank: 40
• Wellness rank: 29
• Culture rank: 1

5. Alaska

• Affordability rank: 25
• Wellness rank: 23
• Culture rank: 20

4. Montana

• Affordability rank: 33
• Wellness rank: 33
• Culture rank: 3

3. Kansas

• Affordability rank: 24
• Wellness rank: 26
• Culture rank: 38

2. Minnesota

• Affordability rank: 39
• Wellness rank: 15
• Culture rank: 34

1. Maryland

• Affordability rank: 47
• Wellness rank: 4
• Culture rank: 39

The timing of the Bankrate report comes as the number of retired Baby Boomers has surged post-pandemic, according to Pew Research Center analysis data from late 2020.

“We’re not expecting that someone’s going to make their life decision based on one index; it’s just another data point to consider,” Ostrowski said.

[GreyHoundSailor]

How much did Vermont have to pay to avoid being on this list?

[monkeyshine]

Gimme a break.
Top states not to move to:

Illinois
New York
California
Connecticut
Washington
Oregon
Virginia

[wjcsux]

I would add Illinois, New Jersey, Massachusetts and other lib hellholes to this list.

[Repeal The 17th]

What is “wellness”?
What is “culture”?

[SteveH]

> Gimme a break.
> Top states not to move to:

> Illinois
> California
> Connecticut
> Washington
> Oregon
> Virginia

THIS

how about the top 10 states to move to?

[Secret Agent Man]

add in plenty more if you prefer a warmer climate

warmer states tend to be better for the elderly to live better and live longer

harder winters are harder on older immune systems and bodies

[Notthemomma]

Come on, man!

I went to the article and tried to study it. There are no definitions, or links that I found, to explain what “affordability” means and what an 8 (Alabama) means vs. 47 (Maryland) implies, nor what “culture” means, etc.

Poor poor “report.” Not helpful at all.

Ed-ji-muh-cate this poor southerner with the info, someone.

[proxy_user]

Ha! I am retired and live in Connecticut. It is a nice state if you are well-off. But the guys without money usually move away when they retire.

[Kenny Bania]

New York State (especially away from NYC) isn’t nearly as bad to retire in as opposed to actively working there. Wages are where they really ding you on taxes.

[Alas Babylon!]

Yup, everyone in Alabama is really sick and we have no culture. Stay away!

[GreatRoad]

how could any state be worse than Massachusetts???

[cgbg]

New York State (especially away from NYC) isn’t nearly as bad to retire in as opposed to actively working there. Wages are where they really ding you on taxes.

Yup--I live in rural CT. Winter is not a problem when you don't have to commute. If the weather is bad retired folks just stay in...

[ocrp1982]

Wellness: Hospitals, Clinics, Eldercare facilities, etc...
Culture: Museums, The Arts, Historic Towns, and Buildings...

[Dilbert San Diego]

With these sorts of rankings it all depends on the criteria used to come up with the rank order of states. Some criteria, such as wanting to be in a warm weather climate, may outrank others for individuals.

And to talk of a criterion such as crime, statewide crimes rankings are meaningless. There are many low crime towns within high crime states.

[Chad C. Mulligan]

Maine ranked #1 for culture? MAINE??? Puhleeeze!

[kvanbrunt2]

I’d like to go to north carolina. some of the coastal areas have taxes below 1000 per year.

[cgbg]

I wanted to move to a warmer climate when I retired—but at the end of the day there were other very personal factors that made it a no go....everyone’s situation is different—and state rankings are not that helpful.

[Repeal The 17th]

Thanks!
I’ll just go with “affordable”.

[GreyHoundSailor]

If you live outside a city in a harsh winter area, you’re likely to get significantly more exercise than teenage city dwellers.