WalletHub says Rhode Island is the worst state for retirees
In fact, you’ll want to avoid New England altogether.
Rhode Island is not a friendly place for retirees, according to WalletHub. In fact, it’s the worst.
If you’re planning to retire in New England, you may want to reconsider.
According to a new WalletHub study, New England states are among the most unfriendly for retirees.
The study examined affordability, quality of life, and health care for each state and then calculated a score. Rhode Island was ranked the worst in the nation, while Massachusetts came in at No. 39.
New England states all ranked at the bottom half of the list.
WalletHub looked at the adjusted cost of living, taxpayer ranking , friendliness of taxation on pensions and social security income, and annual cost of in-home services when considering the affordability of each state.
The quality of life for each state was calculated by analyzing weather, the number of folks age 65 and older, and whether the labor market is senior citizen-friendly, among a slew of other variables.
As for health care, the study examined the number of physicians, dentists, nurses, and health-care facilities per 100,000 residents, the ranking of the state’s public hospitals, the state’s life expectancy, the death rate for people age 65 and older, and the state’s emotional health.
It wasn’t all bad news for New England. Massachusetts, Connecticut, and Vermont had among the highest life expectancies.
The best state to retire in? Florida.
But if you’re determined to retire in New England, it looks like your best bet is Maine, which ranked the highest of the New England states at No. 30 and has among the highest percentage of folks age 65 and over in the country.
You can click on the map below to discover each state’s ranking.
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