Cheapest and Most Expensive States to Retire In

If someone offered you 87 cents for a dollar, would you take it? If your answer is no, you might not want to retire in a state like New York or California, where you dollar's spending power is only that much, making them the most expensive states to retire.

Whether you plan to relocate or not, the quality of your retirement is certainly affected by your retirement savings, and how far you can stretch it where you live. Property taxes, sales tax, income tax, and healthcare costs all whittle away at the money you'll have to spend on the pleasures of retirement.

Personal finance site Bankrate crunched the numbers to see which states cost the least and the most. They calculated affordability using scores from the 2019 Cost of Living Index from the Council for Community and Economic Research, included home values from Zillow and also ranked all 50 states for wellness based on information from the Agency for Healthcare Research and Quality. The value of a dollar is from 24/7 Wall St.

Because retirement isn't all about money, we added violent crime statistics from World Atlas, which uses the FBI's data, and average annual temperatures from CurrentResults.com.

These are the cheapest and most expensive states to retire:

Cheapest State: Missouri (tied with Michigan)
Cheapest State: Missouri (tied with Michigan)

Cheapest State: 1. Missouri (tied with Michigan)

  • Average home value: $161,600
  • Value of a dollar: $1.12
  • Violent crime per 100,000: 519
  • Average annual temperature: 54.5 F
  • Wellness Rank: 27 (out of 50 states)

Photo: Shutterstock

1. Michigan (tied with Missouri)
1. Michigan (tied with Missouri)

1. Michigan (tied with Missouri)

  • Average home value: $152,600
  • Value of a dollar: $1.07
  • Violent crime per 100,000: 459
  • Average annual temperature: 44.4 F
  • Wellness Rank: 43/50

Photo: Shutterstock

3. Indiana
3. Indiana

3. Indiana

  • Average home value: $145,300
  • Value of a dollar: $1.11
  • Violent crime per 100,000: 405
  • Average annual temperature: 51.7 F
  • Wellness Rank: 46/50

Photo: Shutterstock

4. Arkansas
4. Arkansas

4. Arkansas

  • Average home value: $127,000
  • Value of a dollar: $1.15
  • Violent crime per 100,000: 551
  • Average annual temperature: 60.4 F
  • Wellness Rank: 34/50
Pictured is Hot Springs, Ark.

Photo: Shutterstock

5. Ohio
5. Ohio

5. Ohio

  • Average home value: $139,700
  • Value of a dollar: $1.12
  • Violent crime per 100,000: 300
  • Average annual temperature: 50.7 F
  • Wellness Rank: 47/50

Pictured is Chagrin Falls, Ohio.

Photo: Lynne Neuman / Shutterstock

6. Mississippi
6. Mississippi

6. Mississippi

  • Average home value: $127,600
  • Value of a dollar: $1.16 (the highest)
  • Violent crime per 100,000: 281
  • Average annual temperature: 63.4 F
  • Wellness Rank: 40/50

Photo: Shutterstock

7. Kansas
7. Kansas

7. Kansas

  • Average home value: $140,400
  • Value of a dollar: $1.10
  • Violent crime per 100,000: 380
  • Average annual temperature: 54.3 F
  • Wellness Rank: 21/50

Photo: WillWight / Shutterstock

8. Iowa
8. Iowa

8. Iowa

  • Average home value: $143,900
  • Value of a dollar: $1.11
  • Violent crime per 100,000: 291
  • Average annual temperature: 47.8 F
  • Wellness Rank: 12/50

Photo: Shutterstock

9. Kentucky
9. Kentucky

9. Kentucky

  • Average home value: $145,800
  • Value of a dollar: $1.14
  • Violent crime per 100,000: 232
  • Average annual temperature: 55.6 F
  • Wellness Rank: 24/50

Photo: Theodore P. Webb / Shutterstock

10. Alabama
10. Alabama

10. Alabama

  • Average home value: $132,100
  • Value of a dollar: $1.15
  • Violent crime per 100,000: 532
  • Average annual temperature: 62.8 F
  • Wellness Rank: 31/50

Pictured is Mobile, Ala.

Photo: Shutterstock

11. Oklahoma
11. Oklahoma

11. Oklahoma

  • Average home value: $124,100
  • Value of a dollar: $1.12
  • Violent crime per 100,000: 450
  • Average annual temperature: 59.6 F
  • Wellness Rank: 35/50

Photo: iStock

12. Tennessee
12. Tennessee

12. Tennessee

  • Average home value: $168,100
  • Value of a dollar: $1.11
  • Violent crime per 100,000: 633
  • Average annual temperature: 57.6 F
  • Wellness Rank: 35/50

Photo: Shutterstock

13. North Carolina
13. North Carolina

13. North Carolina

  • Average home value: $186,100
  • Value of a dollar: $1.10
  • Violent crime per 100,000: 372
  • Average annual temperature: 59 F
  • Wellness Rank: 33/50

Photo: Shutterstock

14. Nebraska
14. Nebraska

14. Nebraska

  • Value of a dollar: $1.10
  • Average home value: $166,900
  • Violent crime per 100,000: 291
  • Average annual temperature: 48.8 F
  • Wellness Rank: 8/50

Photo: Shutterstock

15. Idaho
15. Idaho

15. Idaho

  • Value of a dollar: $1.08
  • Average home value: $268,900
  • Violent crime per 100,000: 230
  • Average annual temperature: 44.4 F
  • Wellness Rank: 15/50

Pictured is Boise.

Photo: Shutterstock

Most Expensive: New York
Most Expensive: New York

These are the most expensive states to retire:

Most Expensive: 1. New York

  • Average home value: $301,900
  • Value of a dollar: 87 cents
  • Violent crime per 100,000: 376
  • Average annual temperature: 45.4 F
  • Wellness Rank: 30/50

New York is the most expensive state for retirees.

Photo: Mihai_Andritoiu / Shutterstock

2. California
2. California

2. California

  • Average home value: $547,500
  • Value of a dollar: 87 cents
  • Violent crime per 100,000: 445
  • Average annual temperature: 59.4 F
  • Wellness Rank: 19/50

Pictured is Cambria, Calif.

Photo: Shutterstock

3. New Jersey
3. New Jersey

3. New Jersey

  • Average home value: $327,700
  • Value of a dollar: 88 cents
  • Violent crime per 100,000: 245
  • Average annual temperature: 52.7 F
  • Wellness Rank: 23/50

Photo: Shutterstock

4. Maryland
4. Maryland

4. Maryland

  • Average home value: $289,000
  • Value of a dollar: 91 cents
  • Violent crime per 100,000: 472
  • Average annual temperature: 54.2 F
  • Wellness Rank: 37/50

Photo: Shutterstock

5. Connecticut
5. Connecticut

5. Connecticut

  • Average home value: $243,600
  • Value of a dollar: 92 cents
  • Violent crime per 100,000: 227
  • Average annual temperature: 49 F
  • Wellness Rank: 5/50

Pictured is Shelton, Conn.

Photo: Shutterstock

6. Hawaii
6. Hawaii

6. Hawaii

  • Average home value: $614,500
  • Value of a dollar: 84 cents
  • Violent crime per 100,000: 309
  • Average annual temperature: 70 F
  • Wellness Rank: 9/50

Photo: Shutterstock

7. Rhode Island
7. Rhode Island

7. Rhode Island

  • Average home value: $282,600
  • Value of a dollar: $1
  • Violent crime per 100,000: 239
  • Average annual temperature: 50.1 F
  • Wellness Rank: 16/50

Photo: Shutterstock

8. Massachusetts
8. Massachusetts

8. Massachusetts

  • Average home value: $407,700
  • Value of a dollar: 93 cents
  • Violent crime per 100,000: 377
  • Average annual temperature: 47.9 F
  • Wellness Rank: 4/50

Photo: Shutterstock

9. Vermont
9. Vermont

9. Vermont

  • Average home value: $204,900
  • Value of a dollar: 93 cents
  • Violent crime per 100,000: 158
  • Average annual temperature: 42.9 F
  • Wellness Rank: 1/50

Photo: Shutterstock

10. Washington
10. Washington

10. Washington

  • Average home value: $388,400
  • Value of a dollar: 95 cents
  • Violent crime per 100,000: 302
  • Average annual temperature: 48.3 F
  • Wellness Rank: 37/50

Photo: Shutterstock

11. Illinois
11. Illinois

11. Illinois

  • Average home value: $388,400
  • Value of a dollar: $1.01
  • Violent crime per 100,000: 436
  • Average annual temperature: 51.8 F
  • Wellness Rank: 49/50

Above, coneflowers in bloom at the Morton Arboretum in Lisle, Ill.

Photo: Shutterstock

12. New Hampshire
12. New Hampshire

12. New Hampshire

  • Average home value: $278,400
  • Value of a dollar: 94 cents
  • Violent crime per 100,000: 198
  • Average annual temperature: 43.8 F
  • Wellness Rank: 3/50

Photo: Shutterstock

13. Alaska
13. Alaska

13. Alaska

  • Average home value: $314,900
  • Value of a dollar: 95 cents
  • Violent crime per 100,000: 804
  • Average annual temperature: 26.6 F
  • Wellness Rank: 26/50

Photo: Shutterstock

14. Oregon
14. Oregon

14. Oregon

  • Value of a dollar: $1
  • Average home value: $346,300
  • Violent crime per 100,000: 265
  • Average annual temperature: 48.4 F
  • Wellness Rank: 45/50

Photo: Shutterstock

15. Colorado
15. Colorado

15. Colorado

  • Value of a dollar: 97 cents
  • Average home value: $378,300
  • Violent crime per 100,000: 343
  • Average annual temperature: 45.1 F
  • Wellness Rank: 6/50

Photo: Shutterstock

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