The 10 Worst States to Retire

Choosing a place to retire is one of the most important decisions you will ever make. Along with good weather and things to do, retirees demand much from the area in which they spend their golden years.

First, is it affordable? Cost of living and taxation are big deciders. States with low taxes and lower housing costs are often viewed more favorably. Second, healthcare and overall quality of life are a significant influence. Retirees are more likely to put down roots if the state contains excellent healthcare facilities, reasonable healthcare costs, and elder abuse protections. Some states just don’t make the cut.

Discover the 10 worst states in which to retire in 2024 and why retirees avoid them!

Kentucky

Despite its low cost of living and southern hospitality, Kentucky is the worst state to retire in. The state ranks low for healthcare options and moderate for taxation, though it does not tax social security income. Seniors may need to travel a considerable distance for specialized medical care and there are limited options for transportation services. Kentucky also experiences extreme weather with scorching summers and cold winters.

New Jersey

New Jersey holds small town charm while being close to bustling New York City. It provides several advantages, such as pension exclusions and breaks on property tax. Most retirement income, like social security, is not taxable under the state’s income taxes. However, New Jersey also has some of the highest property taxes in the country, often much higher than the U.S. median. Retirees will also find that they must pay a pretty penny for housing in the state.

Mississippi

Mississippi is a good option for those retiring on a budget who enjoy beautiful scenery and outdoor time. Still, this southern state lacks several important areas for those living out their later years. Retirees will likely feel frustrated due to limited healthcare facilities, providers, and specialized services. While living in Mississippi is easier on your pockets, the state suffers from lower economic conditions. And its job market isn’t as good as that of other areas, which could affect part-time work.

Oklahoma

The great state of Oklahoma is fairly tax friendly toward seniors and provides affordability for those on a budget. However, the state has declined in retirement desirability due to several factors. The state’s economic conditions and healthcare system put it much lower on the list than other states. The state lacks providers, especially in rural areas. It also has limited public transportation options, which is difficult for seniors who rely on these services for daily errands and healthcare visits.

New York

Despite New York’s large retirement population, the state is one of the worst in the country for seniors. Retirees can benefit from zero taxes on social security benefits and deductions on retirement income, but they must also deal with an extremely high cost of living, crowding, and frigid winters.

Louisiana

Louisiana has mild winters, a rich culture, and a low cost of living. But it has scorching and humid summers, a high risk of natural disasters, and other qualities that affect a retiree’s quality of life. Those who spend their golden years in this state can expect a high crime rate compared to the national average and limited healthcare options.

Illinois

Illinois is pretty tax-friendly, as retirement income is exempt from state income tax. The state also offers affordability and plentiful outdoor recreation. However, Illinois has high property and sales taxes, which means retirees may see a dent in their income.

Washington

The beautiful Northwest state of Washington offers residents stunning landscapes in every direction and plenty of things to do. But there are a few things stopping retirees from flocking to the state. The rainy weather can be a drag for those looking for warmth and sun. Plus, the cost of living is much higher than other states in the country.

Maryland

This Northeast state boasts scenic beauty and unique culture. However, Maryland is not the most tax friendly toward seniors and the cost of living can be very high. The state also features frigid winters and expensive healthcare.

Arkansas

Arkansas is another southern state known for its beautiful scenery, warm weather, and low cost of living. But there are a few major drawbacks for seniors, such as extreme weather and limited healthcare. Arkansas also has a higher-than-average crime rate in most areas.

Summary of the 10 Worst States to Retire

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