Are you looking for the perfect place to retire? Then you may want to look some place other than the Yellowhammer State — it was ranked the tenth-worst state to retire in a new study released Tuesday.
To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub analysts compared the 50 states across three key dimensions 1) Affordability, 2) Quality of Life and 3) Health Care, broken down further by 41 key indicators of retirement-friendliness ranging from adjusted cost of living, to mildness of weather to health care providers per capita.
Here’s a look at how Alabama ranked in retiring (1= best; 25= avg.)
- 19th: % of population aged 65 & older
- 38th: Property-crime rate
- 38th: Health-care facilities per capita
- 44th: Elderly-friendly labor market
- 49th: Life expectancy
Among the best states for retirement were Florida, Colorado, South Dakota, Iowa, Virginia, Wyoming, New Hampshire and Idaho.
And the worst? Kentucky, New Jersey, Rhode Island, Mississippi, Arkansas, West Virginia, Louisiana, New Mexico and Hawaii round out the top nine (in order of ranking).
See how Alabama compares to the rest of the country:
The states were compared and ranked with data gleaned from various public and other records including the U.S. Census Bureau, Federal Bureau of Investigation, Council for Community and Economic Research, U.S. Bureau of Labor Statistics, Retirement Living Information Center, Genworth Financial, United Health Foundation, County Health Rankings, Centers for Disease Control and Prevention, Centers for Medicare & Medicaid Services, Charity Navigator, Gallup Healthways, GolfLink, The Tax Foundation, America’s Scenic Byways, NOAA Office for Coastal Management, U.S. News & World Report, Institute for Health Metrics and Evaluation, and WalletHub research.