The Commonwealth of Kentucky is at the bottom of the list of the best and worst places in America to retire to, according to a new survey.
The Key Categories to Determine Retirement Rankings By State
All 50 states were examined by Wallethub, which essentially ranked them in three important areas: healthcare, quality of life, and affordability.
Kentucky is the worst state for retirement since it is not only at the bottom of the list, but it is also the last one.
A Look at the Math and the Metrics
A predetermined amount of points were assigned to each of the 46 subcategories that were created from those three main categories. The scores—referred to as “metrics” by Wallethub—were then averaged across all subcategories. Each state was ranked using those points.
A Deeper Look at the Metrics of the Study
The following are some of the “metrics” or subcategories that were employed in the study:
- How much of the populations aged 65 or older that are unable to afford a doctor
- Rate of food insecurity in the elderly
- The number of theaters, bingo halls, gold courses per capita
- The risk of being isolated socially
These are only a handful of the metrics that are considered to determine the score for each state.
Where Are The Best States to Retire?
In the major categories, the top three states in America for retirement were placed highest.Although their ranks differ among the three categories, Florida, Minnesota, and Colorado are among the top three. Florida, which scored #2 overall for both affordability and quality of life, grabbed the top slot even though it was ranked 27th for healthcare. Similarly, Minnesota is ranked 27th for affordability but 2nd overall in the country. However, in terms of affordability and quality of life, it ranked #6 and #1, respectively.
Kentucky Ranks as the Worst State for Retirement in America
How bad was Kentucky’s ranking in the survey, then, that it ended up at the bottom of the list at number fifty, making it the worst state in the US for retirement? It was rated #45 for healthcare, #41 for quality of life, and #36 for affordability. The estimated weighted score is 42.26. That is 20.3 points less than Florida, which is ranked #1.
Of course, it would be useful to know which counties are the greatest for retirement if you really intend to live in Kentucky. Below is a list of the Commonwealth’s top retirement counties. To get a list of the top free activities in the state, continue scrolling.
[Source: Wallethub]
