This article takes a look at the 5 worst states to retire in 2024. If you wish to read our detailed analysis on the intricacies of retirement living within the US, you may go to 15 Worst States to Retire in 2024.
5. California
Insider Monkey Score: 21
Cost of Living Index: 138.5
Health Rank: 14
Tax Friendliness: Not Friendly
With a very high cost of living – almost 39% higher than the national average – it’s no surprise why California takes the top five spot on our list of worst states to retire in 2024. Add to the mix its stringent tax policies, and most retirees will be happy staying away. However, the state does boast one of the best health standards in the country. With a rank of fourteen, California is particularly lauded in the areas of women’s health and affordability.
4. Texas
Insider Monkey Score: 19.5
Cost of Living Index: 92.7
Health Rank: 48
Tax Friendliness: Friendly
With one of the worst health standards in the country, this is just one of the reasons why people are leaving Texas. While the cost of living is 7.3% lower than the national average, this is often not enough to trump the negatives such as the weather and available health facilities – particularly for retirees.
3. Nevada
Insider Monkey Score: 18
Cost of Living Index: 101
Health Rank: 41
Tax Friendliness: Very Friendly
Known for its many nature offerings, Nevada is located in the Western region of America. While the state of Nevada boasts very friendly tax policies and a cost of living that is only 1% above the national average, its poor health standards land it a place on our list. For senior citizens who are concerned about their health in their old age, Nevada might not be the ideal choice as it ranks especially poorly for access and affordability.
2. Arizona
Insider Monkey Score: 17
Cost of Living Index: 108.4
Health Rank: 34
Tax Friendliness: Moderate
A Southwestern state, Arizona presents a host of problems that are enough to keep retirees at bay. A high cost of living – more than 8% higher than the national average, an unsatisfactory health rank at 34, and unfavorable tax policies make this Southwestern state seem undesirable. For retirees looking for an out-of-state retirement, Arizona may not be everyone’s cup of tea.
1. Alaska
Insider Monkey Score: 11
Cost of Living Index: 125.2
Health Rank: 39
Tax Friendliness: Very Friendly
Alaska claims the top spot on our list of worst states to retire in 2024. Starting off, the state has a cost of living that would be difficult to bear for most people. With an index of 125.1, Alaska’s cost of living is more than 25% above the national average. Retirees who are surviving on small, fixed payments might not be able to fulfill their basic needs, and the healthcare system isn’t any better.
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