Kentucky and New Jersey are the worst states for retiring, according to a survey released Monday.
Kentucky was listed as No. 50 on the list of worst states to retire in due to rankings for affordability, quality of life, and its healthcare system. New Jersey and Mississippi finished close behind, at 49 and 48, respectively. Mississippi ranked last when it comes to the quality of life for retirees, according to WalletHub.
Florida, Colorado, and Virginia clinched the top three spots, with high marks in affordability, quality of life, and healthcare. Florida is ranked No. 1 overall and No. 1 for quality of life. It ranks fourth in affordability due to its relaxed tax laws.
The full list of the 10 worst states to retire in are:
- Kentucky
- New Jersey
- Mississippi
New York, which ranked No. 44 on the list of best states to retire in, was listed last for affordability because of its high cost of living and high housing prices. But it ranked as No. 10 and No. 12 on quality of life and healthcare, respectively. Alabama, which came in 24th overall, ranked highest in affordability but 49th in healthcare.
Minnesota, which ranked No. 8 overall, is considered the state with the best healthcare for retirees, according to the survey, while West Virginia ranks the worst. Minnesota also ranks high on quality of life but lower on affordability.
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New Jersey, which is ranked as the second worst state to retire to, touts the highest number of people leaving the state, with 65% of moves related to the state in 2023 being people moving out of it, according to the National Movers survey.
Other major states, California and Texas, rank 17 and 32, respectively. California’s highest ranking is in healthcare, which is ranked ninth in the country. Texas’s highest ranking is affordability, which is No. 25 in the U.S.