Are you contemplating retirement? Have you made plans for that yet? Is moving part of that plan, and if so, do you know where you would wish to go? What criteria make certain states better than others when it comes to retirement? Hopefully, some of those questions will be addressed by this study and essay.
The findings of a study that ranked all 50 states for retirement from best to worst were recently released by the personal finance website WalletHubre. Affordability, Quality of Life, and Health Care were the three primary categories and 47 subcategories used to compare the states.
Kentucky is Once Again Ranked the Worst State to Retire
With rankings of 36th in affordability, 41st in quality of life, and 45th in health care, Kentucky is at the bottom of the list and is considered the worst state for retirees.
Factors That Make Kentucky Less Desirable for Retirees
- High state income tax, sales tax, and property taxes
- High rates of obesity, heart disease, and diabetes, can increase healthcare costs and reduce the quality of life for retirees.
- Kentucky has a shortage of healthcare providers, particularly in rural areas.
- Limited cultural and recreational opportunities can be a drawback for retirees who are looking for a diverse range of activities and entertainment options.
- Kentucky has seen high levels of poverty and unemployment in recent years, which can impact retirees who may need to rely on a stable economy to support their retirement savings and income.
View the complete report here, then scroll over the map to see how the rest of the nation fared.
Remember that this data is more of a gauge of how comfortable and reasonably priced a retirement lifestyle could be in the Bluegrass state than it is of how livable Kentucky is.
