Best and worst states for retirement

(FoxNews.com) - While many Americans already have plenty of worries when it comes to retirement – whether it be their personal financial well-being or the uncertainty of Social Security’s future – location sometimes get overlooked when it could be key.

According to a new report by Bankrate.com, finding the right state to live in could be the dividing factor on whether your retirement days are happy ones.

To determine the best and worst states, analysts looked at seven relevant features in the life of a retiree, and used government and experts sources to compare states against one another. The categories examined included: cost of living (20%), taxes (20%), health care quality (15%), weather (15%), crime (10%), cultural vitality (10%) and well-being (10%).

The end result found South Dakota to be the best place to retire due to ranking first on overall well-being and second for low taxes. Meanwhile, New York was the worst, driven by its high cost of living and high taxes.

Here are the best and worst states to retire, according to Bankrate.com:

  1. South Dakota
  2. Utah
  3. Idaho
  4. New Hampshire
  5. Florida
  6. Montana
  7. North Carolina
  8. Wyoming
  9. Nebraska
  10. Mississippi
  11. Hawaii
  12. Massachusetts
  13. Virginia
  14. Michigan
  15. Missouri
  16. Iowa
  17. Colorado
  18. Texas
  19. Delaware
  20. North Dakota
  21. Tennessee
  22. Maine
  23. Indiana
  24. Alabama
  25. Kansas
  26. Vermont
  27. Wisconsin
  28. Minnesota
  29. Arizona
  30. Kentucky
  31. Pennsylvania
  32. New Jersey
  33. West Virginia
  34. Rhode Island
  35. Connecticut
  36. Alaska
  37. Georgia
  38. Ohio
  39. Oregon
  40. Oklahoma
  41. South Carolina
  42. Nevada
  43. Washington
  44. Illinois
  45. California
  46. Arkansas
  47. Louisiana
  48. Maryland
  49. New Mexico
  50. New York

Read the FoxNews.com.

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