If you’re the type who dreams about retiring to a little trailer home like this one in Palm Springs, or a community like Margaritaville, a new study lays out other great locations to live out your Golden Years—just in case Southern California and Florida don’t work out.
Bankrate.com, the personal finance website, has released a ranking of the best and worst states to retire based on key factors like cost of living, weather, quality of health care, crime rate, cultural vitality, tax rate, overall well-being of seniors in that state, and the number of seniors that make up the total population.
According to a survey, Bankrate reports that just under half of the American population, about 47 percent, would consider moving when they retire. And while warm weather states like Florida and Arizona are known as popular retirement meccas (and a lot of people in general are moving there), their lower ranking in other categories makes them less than ideal locales.
New Hampshire, Colorado, and Maine took the first, second, and third spots, respectively. Although New Hampshire doesn’t offer year-round sun (or the most competitive cost of living rate), it ranks extremely high in six of the eight other categories. Arizona ranked 12th, Florida 17th, and California a pitiful 42nd.
Check out the full chart below. It might be time to revisit that retirement plan of yours!