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The 10 best states in the U.S. to spend your retirement in 2022

It is not easy to decide where you want to spend what will hopefully be some of the most relaxing years of your life.

Here with a little help is the personal finance website WalletHub, which has a new report that ranks the best and worst US states to retire in based on factors such as affordability, quality of life and health care. While some scenic destinations top the list, such as sunny Florida and mountainous Colorado, the bottom of the list shows two of the most populous states in the Northeast.

The worst state in the United States for retirement is New Jersey, followed by Mississippi and New York, based on WalletHub’s findings. Money problems play a big factor in these low-ranking locations, where New York ranks as the least affordable state and New Jersey follows right behind, while Mississippi ranks at the bottom in terms of quality of life, according to WalletHub.

It is no surprise that money is such an important consideration when choosing the best place to spend your retirement years. After all, 26% of non-retirees have no retirement plan at all, according to a 2021 report from the Federal Reserve.

Still, people on average across the United States have about $ 400,000 dollars to account for. That number is higher in states like Connecticut, where the average person has a retirement balance of about $ 520,000.

But others are not so well-equipped to leave the workforce, and that’s why affordability is one of the key factors to consider when looking for places to settle down. In fact, the two top states on WalletHub’s rankings, Florida and Virginia, are both among the 10 most affordable states in the United States.

Check out WalletHub’s 10 best states for retirement to get the most out of your golden years:

1. Florida

  • Affordability: 4
  • Quality of life ranking: 5
  • Health care: 27

Condominiums along the coast of Miami.

Jeffrey Greenberg | Universal Images Group | Getty Images

2. Virginia

  • Affordability: 9
  • Quality of life ranking: 7
  • Health care: 13


  • Affordability: 11
  • Quality of life rank: 21
  • Healthcare rank: 4

4. Delaware

  • Affordability: 6
  • Quality of life ranking: 35
  • Health care: 15

5. Minnesota

  • Affordability: 36
  • Quality of life rank: 3
  • Healthcare rank: 1

6. North Dakota

  • Affordability: 25
  • Quality of life rank: 16
  • Health care: 16

7. Montana

  • Affordability: 14
  • Quality of life rank: 18
  • Health care: 31

8. Utah

  • Affordability Location: 19
  • Quality of life ranking: 20
  • Health care: 26

The Great Arch in Zion National Park, Utah.

DANIEL SLIM | AFP | Getty Images

Draw-9. Arizona

  • Affordability Location: 15
  • Quality of life ranking: 32
  • Health care: 24

Draw-9. New Hampshire

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