Millions of Baby Boomers retire each year from the US labor force. They must make the difficult decision if their current home state is worth living out their “golden years” of adulthood.
To simplify the process of what states are the best for retirees in 2021. The finance website Bankrate provides new data of the worst states to retire in this year.
Bankrate examined five essential factors: affordability, wellness, culture, weather, and crime for each state. Affordability and wellness were weighted the most, 40% and 20%, respectively.
The survey found that Maryland, Minnesota, and Kansas were the worst three states to retire in.
“It’s a complicated formula to figure out what’s going to attract people to your state and how to create the best climate for them,” Jeff Ostrowski, Bankrate analyst, told CNBC. “It’s a combination of factors, some in the control of the state and its leaders and some that are not.”
Ostrowski said Maryland ranked the worst because of complaints about the state’s tax burdens.
Here’s the full list of the eleven worst states to retire in this year:
Larry I hope to hell you’re reading this. Maryland one of the worst 3 states, so damn true!!
MD representing!
For the wrong reasons. Keep building, OC City Fail!
If not for the areas between and within the two beltways, Maryland would be a much nicer place to live.