According to a 2014 article from USA Today, retirement moves are making a comeback. Retirees often feel the financial constraints of their current living environment, which pushes them to move to other states where they feel safer with their money.
Florida, for example, is a hot spot for older people. According to USA Today, the state gains more than 50,000 older movers every year because of the low cost of living and positive reputation Florida has for being a good spot for seniors.
But Florida isn't one of the best states to live out the rest of your days. In a report released this week, 24/7 Wall St. revealed the best and worst states to live out the rest of your life. The report looked at the cost of living, median incomes, and what people aged 65 and older valued in their communities in terms of safety, wellness and community life.
Here are the report’s top states to grow old in.
Utah tops the list of best states to spend the rest of your life. Its average income among 65 year olds is $44,384 when they work, which is a good sign for retirees worried about their finances. The elderly are also very-well educated in Utah, with the third-highest percentage of people 65 and older in the nation with at least a bachelor’s degree. It also has the country’s eighth-lowest crime rate.
The state that calls for people to live free or die is perfect for retirees, too. New Hampshire has the sixth-lowest violent crime rate in the country and the lowest amount of people 65 and older living in poverty (5.6 percent).
Financially secure retirees will want to head to Hawaii. It’s got an impressive health care system, and its residents are expected to live to 81.3 years old, according to the 24/7 report. Retirees also have an average household income of $55,650, making it a financially secure spot as well. And who doesn’t love those beautiful ocean views?
Located right next to New Hampshire, Vermont isn’t far off from being a top spot for retirees, too. The state boasts the second-highest amount of seniors with at least a bachelor’s degree (32.7 percent). It also includes the lowest crime rate in the country.
Virginia is also a nice spot for retirees. It’s close to some of America’s top historical monuments and East Coast beaches. The state also has the third-lowest violent crime rate in the country and fifth-highest median household income with $44,440.
If you want to live long, head to Minnesota. According to 24/7 Wall St., the state has the second-highest life expectancy rate at 81.1 years old. The seniors in Minnesota are also heavily health conscious, which adds to the quality of life there, 24/7 Wall St.’s report said.
Colorado isn’t far from Utah, the best state to live out the rest of your life. Colorado has the highest amount of seniors with at least a bachelor’s degree with 34 percent. The state’s 65-and-older population also has a high median income at $43,281. And with the breathtaking mountains nearby, Colorado is certainly a sweet spot for seniors.
Check out the slideshow below to see the worst states to grow old in: