2024 Retirement Bliss: Best And Worst States In US

As the year 2024 unfolds, many Americans are considering where to spend their golden years. The choice of where to retire is crucial, as it can significantly impact one’s lifestyle, finances, and overall well-being. In this article, we delve into the best and worst states in the US for retirement in 2024, based on comprehensive research and analysis of various factors including affordability, quality of life, healthcare, and climate.

The Best States for Retirement in 2024

1. Florida

Florida tops the list as the best state for retirees, largely due to its tax benefits, including the absence of state income tax. This makes Social Security benefits and other retirement incomes tax-free. Florida’s natural environment, including its extensive shoreline, also contributes to its attractiveness for retirees. However, the state’s median home list price is around $459,900, which is above the national median​​.

2. Iowa

Iowa is another excellent choice for retirees, thanks to its affordable cost of living, strong economy, and good healthcare system. It ranks well in terms of medical care access and low crime rates, making it an attractive option for those looking to stretch their retirement savings further​​​​.

3. Colorado

Colorado offers a unique combination of natural beauty and a high quality of life. While the cost of living is relatively high with a median home list price of $549,900, the state provides ample opportunities for outdoor activities and boasts a good healthcare system​​.

4. Georgia

Georgia is praised for its low cost of living, which is about 7% below the national average. It offers excellent tax conditions for retirees and a pleasant climate with warm summers and mild winters, making it an ideal retirement state​​.

5. North Dakota

North Dakota’s cost of living is just slightly above the national average, but it offers lower average healthcare costs for retirees. The state is tax-friendly with lower property taxes, making it a viable option for retirement​​.

Other top states for retirement include Tennessee, Alabama, Virginia, New Hampshire, and Utah. Each of these states offers a blend of affordability, favorable tax conditions, and quality healthcare, among other benefits​​.

The Worst States for Retirement in 2024

Conversely, some states are less ideal for retirement due to various factors like high living costs, poor healthcare, and lower quality of life.

1. Kentucky

Kentucky is considered the worst state for retirement, with low life expectancy and healthcare rankings. It also falls behind in quality-of-life amenities​​.

2. New Jersey

New Jersey has high living costs, with a median home list price of $525,000. The state also has high property taxes, which can be a significant burden for retirees​​.

3. Mississippi

Despite being the most affordable state, Mississippi has low rankings in healthcare and quality of life. It offers great tax benefits for seniors but falls short in other key areas important for retirees​​.

4. Rhode Island

Rhode Island, despite having good scores for retiree healthcare, suffers from high living costs. The median home list price is $485,000, which could strain retirees’ budgets​​​​.

5. Oklahoma

Oklahoma has affordable housing but ranks poorly in terms of healthcare and quality of life. The state’s median home list price is around $295,000, making it a more budget-friendly option, but it lacks in other crucial aspects for retirees​​.

Other states that are less favorable for retirement include Louisiana, New York, Washington, Arkansas, and West Virginia. These states typically suffer from a combination of high costs of living, poor healthcare systems, and lower quality of life indices.


Retirement planning is not just about financial readiness; it’s also about choosing the right location that aligns with your lifestyle, healthcare needs, and budget. States like Florida, Iowa, and Colorado offer a blend of tax benefits, quality healthcare, and a high standard of living, making them top choices for retirees in 2024.

Conversely, states like Kentucky and New Jersey might not be the best choices due to their high living costs and poor healthcare systems. As always, personal preferences and individual circumstances will play a significant role in deciding the best place for retirement.