Retirement often means stepping away from full-time work, but it doesn’t mean putting life on pause. For many people, this stage can offer more flexibility and time to focus on interests, family, and personal goals.
Choosing where to retire can influence cost of living, access to services, and overall lifestyle. Factors like affordability, healthcare access, climate, and available activities may all play a role. Every state has pros and cons for retirees, and preferences vary widely. Below is a list of states that are commonly considered by retirees based on a mix of these factors, though experiences and costs can vary by location and over time.
Florida
Florida is often associated with retirement thanks to its climate and lifestyle. For some retirees, it may offer:
- Warm weather for much of the year
- No state income tax and relatively low property taxes in some areas
- Access to beaches and outdoor activities
- Communities designed for adults age 55 and older
- A wide range of healthcare providers, including Medicare options, depending on location
South Dakota
South Dakota may appeal to retirees who prefer quieter communities and access to nature. Potential benefits include:
- Opportunities for camping, hiking, and fishing
- A generally lower cost of living compared to many states
- No state income tax and certain tax considerations for retirement income
- Access to healthcare services, which may vary by region
- A slower pace of life that some retirees find appealing
Utah
Utah may not be the first place many people think of for retirement, but it can offer:
- Access to national parks and outdoor recreation
- A healthcare system that is well-regarded in many areas
- A cost of living that may be lower than some neighboring states, depending on location
- Less population density in certain regions
- Relatively low crime rates in many communities
Colorado
Colorado may appeal to retirees who enjoy an active lifestyle and varied scenery. It may offer:
- Tax policies that can be favorable for some retirees
- Abundant outdoor activities, including hiking and biking
- Access to healthcare providers and insurance options, depending on region
- Retirement communities in both urban and suburban areas
- Rural living options within driving distance of cities
Missouri
Missouri is often considered by retirees focused on affordability. It may provide:
- Access to hospitals and healthcare systems, with quality varying by location
- Healthcare costs that are lower than average in some areas
- Tax considerations that may benefit retirement income
- Lakes and outdoor recreation opportunities
- A mix of small-town and suburban living
Nebraska
Nebraska may appeal to retirees looking for affordability and community-oriented living. Possible benefits include:
- A cost of living that is below the national average in many areas
- Healthcare costs that may be lower than average
- Relatively affordable housing options
- Lower crime rates in many communities
- Access to healthcare systems that are well-rated in certain cities
Iowa
Iowa attracts retirees for its affordability and community feel. It may offer:
- A lower cost of living compared to many states
- Cultural activities, including arts, local events, and outdoor recreation
- Affordable healthcare options in some regions
- No state tax on Social Security income
- Communities that emphasize wellness and quality of life
Virginia
Virginia may be a good fit for retirees who prefer four distinct seasons. It can offer:
- Tax structures that may be favorable for some retirees
- Lower crime rates in many areas
- Options for rural living with proximity to urban amenities
- Access to healthcare providers across the state
- Historical sites, festivals, and cultural activities
Wyoming
Wyoming’s low population density appeals to retirees seeking space and quiet. It may offer:
- No state income tax
- A cost of living that may be lower in certain areas
- Access to natural attractions, including Yellowstone National Park
- Relatively low sales tax
- Access to healthcare services, which can vary by location
Idaho
Idaho may appeal to retirees who enjoy nature and a slower pace of life. It may provide:
- A cost of living that is lower than average in some regions
- Access to healthcare systems that vary by city and rural area
- Tax considerations that may benefit retirees
- Four seasons with generally mild conditions in certain areas
- National parks and outdoor recreation opportunities
Choosing where to retire involves weighing many personal factors. Cost of living, climate, healthcare access, and lifestyle preferences all matter, and what works well for one person may not suit another. Taking time to evaluate your priorities can help you find a location that fits your needs as you plan for this next stage of life.