Kansas City, Missouri – In a recent study by WalletHub, Missouri has been highlighted as one of the top states for retirees, securing the 13th position on the list. With consideration for cost, quality of life, and healthcare, the ranking places Missouri as one of the top choices for individuals who want to comfortably and easily enjoy their golden years.
Comparatively analyzing the 50 states over 46 important criteria, WalletHub’s 2024 Best & Worst States to Retire study employs an extensive approach. Among the senior population, these measures comprised general well-being indicators, cost of living, and access to quality healthcare. Missouri’s good rating is attributed to its well-balanced array of lifestyle and financial advantages that thus meet the needs of the retired population.
For seniors who usually live on a fixed income, Missouri, noted for its cost, provides a big benefit. The report claims that the state offers an appealing cost of living when compared to the national average. This economic factor is crucial for retirees, as it allows them to stretch their dollars further, encompassing everything from housing costs to daily expenses.
Another important statistic where Missouri shines is quality of life. The area provides a mix of urban and rural settings, thereby offering retirees a range of living choices. Whether it’s the peaceful picturesque landscapes of the Ozarks or the cultural attractions of places like St. Louis and Kansas City, Missouri meets a variety of tastes and interests.
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Retirement planning revolves mostly on healthcare, and Missouri’s system is known for its quality and accessibility. Retirees have access to high-quality medical treatment thanks to several hospitals and healthcare facilities dispersed over the state. This allows them to keep their health without unnecessary financial load.
Although Missouri comes out well, the report also clarifies states less appealing for retirement. Lower quality of life indices, high expenses, and inadequate healthcare all help Mississippi, Louisiana, and Kentucky rank lowest on the list. States like Colorado, Minnesota, and Florida top the list on the other side of the spectrum providing first-rate facilities and services for the elderly.
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Best States to Retire | Worst States to Retire |
1. Florida 2. Minnesota 3. Colorado 4. Wyoming 5. South Dakota 6. Pennsylvania 7. New Hampshire 8. Delaware 9. North Dakota 10. Wisconsin |
41. Hawaii 42. Arkansas 43. West Virginia 44. Rhode Island 45. New Jersey 46. New Mexico 47. Washington 48. Mississippi 49. Louisiana 50. Kentucky |
With its mix of cost, quality of living, and first-rate healthcare facilities, Missouri presents a strong case for people deciding where to retire. Apart from being a sensible financial decision, the state is also a place where retirees may lead active and happy life after retirement. Missouri’s 13th best state to retire in by WalletHub shows its appeal as a top contender on the list of retirement locations as the population ages and more individuals seek out retirement.