Retirement can be exciting, but picking a state for retirement can be a dilemma. You want a place that suits your lifestyle and future plans. That's why we have selected the best tips for choosing the best state to live during your golden years, along with a list of the most attractive options. So, leave your worries behind and read on to discover your ideal retirement spot.

Tip 1: Understand Cost of Living

As you embark on your retirement journey, it's essential to find a state that suits your lifestyle and budget. You don't want to be caught off guard by unexpected expenses that might drain your retirement fund. Well, fear not, my friends, for there are a few things you should keep in mind when selecting your ideal retirement spot. First, consider the general cost of living in that state. Another thing to think about is your anticipated income in retirement and whether you’ll be relying on a fixed income. If so, ensure you've got that budget in check, so you don't overspend or end up regretting your choice of location. With careful planning and consideration of the factors mentioned above, you'll be well on your way to a happy, stress-free retirement lifestyle. 

• Cost of Housing - As you find yourself easing into retirement, don't let the cost of housing put a damper on your golden years. The median price of housing in any area can significantly impact your overall cost of living. So it's crucial to pick a spot where you can enjoy your newfound freedom without worrying about your mortgage payments.

• Cost of Transportation – You may think retirement means you don't have to worry about the cost of transportation anymore but think again. Even if you're not commuting to work, transportation expenses like visiting your loved ones, discovering your new turf, or even just grabbing some groceries can still take a toll on your wallet. So before you pack up and move to a new state, do your research and find out what kind of transportation costs to expect.

• Cost of Utilities – Let's talk about the not-so-glamorous side of relocating – utility costs. While it may seem like a minor detail, the truth is, the cost of heating, cooling, and lighting your home can really add up. Don't overlook this expense when weighing the cost of living in different locations. Keep those wallets in mind and crunch those numbers before making any big moves. 

If you’re looking for the perfect retirement destination, it's not just the housing, transportation, and utilities that you need to factor in. Taxes play a huge role too. And don't forget, the tax landscape can vary from city to city, so it's important to research and choose wisely. Luckily, with our advice, you'll be well on your way to finding your dream retirement spot without breaking the bank. 

Imagine finding the perfect place to retire, only to discover later that the state you chose has sky-high taxes that eat into your fixed income. You don't have to let that happen to you. With a little research and planning, you can discover which states offer the most friendly tax benefits for seniors. From lower state income taxes to no taxes on retirement income, these states are retirement havens. Don't wait until it's too late. Find out just how comfortable your golden years can be. 

If you're planning your retirement and you're all about keeping your costs low and your living standards high, then listen up. We've got the scoop on the top states to retire in. These places won't just save you some dough, but they're also darn beautiful to boot. So let's dive in and see which states made the cut in 2023.

Top States for Retirement With a Low Cost of Living

According to WalletHub in 2023, the top 5 states for retirement affordability are Alabama, Tennessee, West Virginia, South Carolina, and Wyoming.

Tip 2: Evaluate the Quality of Life

Retirement is about enjoying life to the fullest, and that means more than just financial planning. When choosing the perfect state to retire in, it's important to consider the quality of life it can offer. From exploring new cultural experiences like museums and theatre to embracing outdoor hobbies, or simply making new friends, there are countless ways to enjoy your golden years. Don't settle for just any state – take the time to research and select a retirement destination that matches your interests and lifestyle, so you can truly live your best life. 

Get ready to retire in style. We've researched the top states that offer the best quality of life for your golden years. From sunny beaches to breathtaking landscapes, these retirement spots are sure to capture your heart. Check out our list of must-visit states for a happy and fulfilling retirement.

Top States for Retirement With a High Quality of Life 

Minnesota

If you love the hustle and bustle of the city but also crave the beauty of nature, look no further than Minneapolis, Minnesota. Though it may seem odd given the frigid temperatures in winter, Minneapolis boasts a thriving community for active seniors. Not only will you find close-knit neighborhoods, but you'll also have access to incredible cultural landmarks like theaters, museums, and entertainment venues. Plus, with annual events like the Minnesota State Fair, you'll always have something fun to do. And when you need a break from city life, the state's beautiful natural scenery is just a short drive away. Don't miss out on the opportunity for a high-quality life in Minneapolis active adult communities.

Massachusetts

As a retiree looking for a peaceful and historic place to call home, Massachusetts has you covered. Picture yourself exploring the rich history of Boston or relishing some delicious clam chowder along Cape Cod. With an array of active adult communities in Massachusetts, settling down there is a no-brainer. Keep yourself busy with exciting local activities while enjoying the comforts of your retirement in this charming New England state.

Florida

If you’re looking for an engaging and active lifestyle in your golden years, look no further than the sunny state of Florida. With a plethora of 55+ communities in Florida catering to senior lifestyles, you'll never be bored. Enjoy a round of golf on the beautiful Treasure Coast, explore stunning waterfalls, or simply relax on the beach. Florida is known for its high quality of life, making it a top pick for retirement. Join the ranks of happy seniors enjoying all that Florida has to offer.

According to WalletHub in 2023, several other states with a high quality of life are Pennsylvania and New Hampshire.

Tip 3: Don’t Forget Healthcare Accessibility

Before you start packing your bags for retirement, let's talk about the importance of healthcare accessibility. We all want to live our best lives and enjoy our golden years to the fullest, but it's crucial to prepare for the possibility of needing extensive healthcare down the line. That's why it's essential to consider states that offer top-notch medical care, even if you don't anticipate needing it right away. Trust us, having access to quality healthcare can make all the difference in enjoying your retirement to the fullest.

We've got you covered with the top spots for healthcare accessibility.

The Top States for Retirement with Great Healthcare Accessibility 

Minnesota

Minnesota isn't just known for its Mayo Clinic, it's also home to a top-notch healthcare network that won't break the bank. For seniors, there's the Minnesota Senior Health Options program that helps simplify healthcare access by combining Medicare and Minnesota's Medicaid program. It's no wonder Minnesota is such a healthy and happy place to live.

Retiring in Minnesota can be a smart move for those seeking cost-effective medical care. With an abundance of choices available, Minnesota serves as a hub for individuals looking to rest and recover without breaking the bank.

Massachusetts

If you’re looking for an ideal retirement spot where you won't have to break the bank for medical expenses, Massachusetts might be your winner. Boasting impressive stats of high insurance coverage and low monthly premiums, this state has you covered when it comes to healthcare. And the cherry on top is that Massachusetts also has an abundance of physicians to cater to your health needs. So sit back, relax, and enjoy quality healthcare in retirement mode. 

Connecticut

Connecticut shines as a top state for retirement with some of the best access to healthcare professionals in the country. The picturesque state is home to prestigious institutions like Yale and a high concentration of physicians, ensuring retirees can receive top-notch medical care. With such impressive healthcare accessibility, it's no wonder why active adult communities in Connecticut are desirable destinations.

According to WalletHub in 2023, several other states that rank high for healthcare access are Hawaii and Colorado.

Imagine yourself taking a step into post-work bliss. You're ready to retire, but where do you go? Choosing a state to settle down in is a significant decision, and it requires some serious contemplation. From the cost of living to healthcare accessibility, there are crucial factors to consider. You want to make sure your golden years are everything you've dreamed of, so choose wisely.

With active adult communities across the country and many in some of the top states for retirement, Del Webb has the experience in helping active seniors find their perfect new home. Explore Del Webb and discover the active adult community for you today.

For more retirement lifestyle articles and the scoop on local hotspots, browse the Del Webb blog to get inspired.