These Are the Best States for Retirees in 2019

Whether you want to stay put or relocate when you retire, it's unlikely you'll be able to rely solely on Social Security alone to cover your expenses.

Once you factor in taxes, healthcare and housing costs, there's not much left, so the state you live in can have a big impact on your finances in retirement. But money isn't everything. You'll want to consider the quality of healthcare in the state, as well as your quality of life. Will you be able to do the activities you enjoy, stay active, volunteer, or work part-time? Will you be able to get around easily, learn new things, or make new friends as you age?

To determine the best states to retire, personal finance site WalletHub compared all 50 states across 46 key indicators of retirement-friendliness, focusing on affordability, health-related factors and overall quality of life.

The affordability category includes factors such as tax-friendliness, cost of living, cost of in-home healthcare and the share of the population over 65 who could not afford a doctor visit. In quality of life, they included the share of the population over 65, risk of social isolation, elderly-friendly labor market, access to public transportation, weather and several other factors. Health care includes things such as the number of doctors, dentists and nurses per capita, the quality of hospitals, well-being index, and many others.

So if you're thinking of moving closer to the kids in Illinois or buying a condo near the beach in Florida, take a look at which states are the best for retirees:

1. Florida

1. Florida

Affordability Rank: 1

Quality of Life Rank: 7

Healthcare Rank: 27

With its mild climate and affordability, Florida tops the list, so it's no wonder it has the highest population of people aged 65 and over of all 50 states. Florida has no state income tax, so retirement incomes are not taxed, and there is no estate tax. The Sunshine State does, however have one of the lowest percentages of workers over age 65.

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2. South Dakota

2. South Dakota

Affordability Rank: 9

Quality of Life Rank: 22

Healthcare Rank: 5

Of all 50 states, South Dakota has the second highest percentage of workers age 65 and older, with only Alaska having more.

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3. Colorado

3. Colorado

Affordability Rank: 26

Quality of Life Rank: 9

Healthcare Rank: 4

Colorado has good healthcare and quality of life, but one of the smallest populations of people over 65.

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4. New Hampshire

4. New Hampshire

Affordability Rank: 25

Quality of Life Rank: 3

Healthcare Rank: 9

Of all 50 states, New Hampshire has the lowest property crime rate. Above, Crawford Notch State Park in New Hampshire's White Mountains.

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5. Virginia

5. Virginia

Affordability Rank: 14

Quality of Life Rank: 13

Healthcare Rank: 24

Pictured is Alexandria, Va.

Photo: Stephen B. Goodwin / Shutterstock

6. Utah

6. Utah

Affordability Rank: 16

Quality of Life Rank: 14

Healthcare Rank: 16

Despite its overall high ranking, Utah does has one of the smallest populations of people over 65, as well as the fewest museums per capita of all 50 states. Above, a Sunday market in Park City, Utah.

Photo: Ritu Manoj Jethani / Shutterstock

7. Iowa

7. Iowa

Affordability Rank: 27

Quality of Life Rank: 8

Healthcare Rank: 10

Photo: Shutterstock

8. Wyoming

8. Wyoming

Affordability Rank: 8

Quality of Life Rank: 12

Healthcare Rank: 36

Wyoming has the fifth lowest cost of living (adjusted) behind Alabama, Oklahoma, Mississippi and Arkansas, the lowest. It's also in the best five of states with low taxes.

Photo: B Brown / Shutterstock

9. Pennsylvania

9. Pennsylvania

Affordability Rank: 23

Quality of Life Rank: 5

Healthcare Rank: 22

Pictured is Shrewsbury, Penn.

Photo: Shutterstock

10. Minnesota

10. Minnesota

Affordability Rank: 43

Quality of Life Rank: 1

Healthcare Rank: 1

Despite its No. 1 healthcare and quality of life rankings, the state is one of the more expensive overall.

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11. Delaware

11. Delaware

Affordability Rank: 15

Quality of Life Rank: 28

Healthcare Rank: 17

Delaware is a great state for those who hate paying taxes - it ranks No. 2 for low taxes, behind Alaska.

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12. Wisconsin

12. Wisconsin

Affordability Rank: 30

Quality of Life Rank: 4

Healthcare Rank: 20

Wisconsin is in the top five for quality of life.

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13. Idaho

13. Idaho

Affordability Rank: 18

Quality of Life Rank: 19

Healthcare Rank: 31

Although great for recreation, Idaho is among the five states with the fewest theaters per capita.

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14. Arizona

14. Arizona

Affordability Rank: 28

Quality of Life Rank: 29

Healthcare Rank: 12

Arizona is among the states with the fewest workers over 65.

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15. Missouri

15. Missouri

Affordability Rank: 17

Quality of Life Rank: 36

Healthcare Rank: 26

Photo: Shutterstock

16. Michigan

16. Michigan

Affordability Rank: 29

Quality of Life Rank: 16

Healthcare Rank: 21

Pictured is Manistee, Michigan.

Photo: Shutterstock

17. Ohio

17. Ohio

Affordability Rank: 20

Quality of Life Rank: 27

Healthcare Rank: 28

Above, Columbus, Ohio.

Photo: aceshot1 / Shutterstock

18. South Carolina

18. South Carolina

Affordability Rank: 4

Quality of Life Rank: 39

Healthcare Rank: 37

Photo: Shutterstock

19. North Dakota

19. North Dakota

Affordability Rank: 35

Quality of Life Rank: 21

Healthcare Rank: 6

Photo: Shutterstock

20. Texas

20. Texas

Affordability Rank: 5

Quality of Life Rank: 38

Healthcare Rank: 38

Photo: Shutterstock

21. Massachusetts

21. Massachusetts

Affordability Rank: 44

Quality of Life Rank: 2

Healthcare Rank: 3

Photo: Shutterstock

22. North Carolina

22. North Carolina

Affordability Rank: 19

Quality of Life Rank: 31

Healthcare Rank: 34

Pictured is Asheville, N.C.

Photo: Shutterstock

23. Maine

23. Maine

Affordability Rank: 39

Quality of Life Rank: 10

Healthcare Rank: 14

Maine was in the top five states for lowest property crime rates.

Photo: Shutterstock

24. Kansas

24. Kansas

Affordability Rank: 24

Quality of Life Rank: 26

Healthcare Rank: 35

Shown here is Dodge City, Kan.

Photo: Michael Rosebrock / Shutterstock

25. California

25. California

Affordability Rank: 34

Quality of Life Rank: 15

Healthcare Rank: 15

California, along with New York, Connecticut, Alaska and Hawaii, have the highest adjusted cost of living of all 50 states. California ranks second for most museums per capita.

Pictured is Palm Springs, Calif.

Photo: Shutterstock

26. Nebraska

26. Nebraska

Affordability Rank: 41

Quality of Life Rank: 17

Healthcare Rank: 8

Above, migratory sandhill cranes on the Platte River in Nebraska.

Photo: Shutterstock

27. Nevada

27. Nevada

Affordability Rank: 12

Quality of Life Rank: 35

Healthcare Rank: 41

Nevada ranks in the top five of states with low taxes. Pictured is Henderson, Nev. a fast-growing city outside of Las Vegas.

Photo: Khairil Azhar Junos / Shutterstock

28. Illinois

28. Illinois

Affordability Rank: 38

Quality of Life Rank: 25

Healthcare Rank: 11

Shown here is downtown Galena, Ill.

Photo: Shutterstock

29. Montana

29. Montana

Affordability Rank: 31

Quality of Life Rank: 23

Healthcare Rank: 33

Montana ranked No. 3 on WalletHub's 'taxpayer' ranking for low taxes. The state does have income tax, but no sales tax and property taxes are relatively low.

Photo: Shutterstock

30. Georgia

30. Georgia

Affordability Rank: 13

Quality of Life Rank: 40

Healthcare Rank: 42

If you're wondering which states are at the bottom, they are West Virginia (No. 48) Rhode Island (No. 49) and Kentucky. These states had low to middling scores in all three areas. See how all states ranked and the full methodology at WalletHub.

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