Best States to Retire in the U.S. for 2024

With retirement planning being a top concern for a majority of non-retired U.S. adults, uncertainty about where to live, ensuring sufficient income, and maintaining good health looms large. To navigate this complex landscape, understanding the best states to retire in becomes a critical piece of the retirement puzzle. In this guide, we explore the top states for retirees in 2024 based on key criteria such as tax policies, health care access, cost of living, weather, and overall quality of life.

Criteria for Selection:

To compile our list of the best states to retire in 2024, we considered various essential criteria, including tax policies and benefits, health care access and quality, cost of living, weather, quality of life, and more. Each state on our list offers a unique combination of strengths that cater to the diverse needs of individuals and couples entering their retirement years.

The Top States for Retirement in 2024

1. Delaware:

Nicknamed the Diamond State, Delaware ranks as a popular destination for retirees, with approximately a fifth of its population aged 65 or older. Offering affordable housing, quality healthcare, and favorable tax policies, Delaware provides a peaceful environment with its stunning 25-mile coastline and beautiful beaches.

2. Wyoming:

Known as the Cowboy State, Wyoming stands out for its natural landscapes and historic sites. With attractions like Yellowstone National Park and tax-friendly policies, Wyoming appeals to retirees seeking a low-cost living environment amidst breathtaking scenery.

3. South Dakota:

A midwestern marvel, South Dakota boasts premium health care services, outdoor attractions, and an inviting community, all contributing to a cost of living lower than the national average. These factors make it an attractive option for retirees.

4. Idaho:

Beyond its famous potatoes, the Gem State, Idaho, offers natural beauty with mountains, lakes, and forests. Tax benefits, cultural attractions, and significant discounts for retirees make Idaho an appealing choice for stretching retirement savings.

5. Hawaii:

Despite being one of the most expensive states, Hawaii attracts retirees with its tax-friendly approach to social security and public pensions. The Aloha State offers quality healthcare, a welcoming senior community, warm weather, and countless islands to explore.

6. Utah:

Utah, known for its diverse landscapes, has a top-notch healthcare system, a booming economy, and overwhelming natural beauty. Although it taxes all retirement incomes, retirees are drawn to Utah's unique blend of rural tranquility and lively city atmospheres.

7. Oregon:

With over 17% of its population aged 65 or older, Oregon boasts natural landscapes, outdoor activities, and a vibrant cultural scene. Being a moderately tax-friendly state, retirees may enjoy tax benefits and incentives.

8. Alabama:

Alabama's warm weather, affordable cost of living, and tax-friendly status make it an enticing option for budget-conscious retirees. However, a lower number of health care establishments and a lack of cultural diversity may impact its suitability for some.

9. Washington:

Offering a mix of outdoor activities and scenic views, Washington is tax-friendly with low property taxes and no state income tax. With excellent medical facilities and diverse entertainment options, this West Coast state appeals to many retirees.

10. New Mexico:

The Southwestern state of New Mexico boasts jaw-dropping natural scenery, outdoor activities, and a culturally rich environment. Affordable living, access to quality healthcare, and close-knit communities make it an attractive destination for retirees.

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