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Best and Worst Places to Retire in 2023

Captain Kimo
Creative Commons

WalletHub, a personal financial web site for consumers, has issued two reports this year on best places to retire in 2023—one for all 50 states and one for cities with 100,000 population or more. The organization looked at 47 key indicators of retirement friendliness, such as affordability, health quality and overall quality of life.

Virginia was ranked by WalletHub as the best state for retirement while Kentucky ranked as the worst. When it comes to cities, Tampa, Florida came out on top with Stockton, California bringing up the rear.

But if health care is your biggest concern in retirement, Minnesota is the top pick, while Alabama comes in last. For highest quality of life, Massachusetts ranks number one while Mississippi takes last place. If affordability is your top concern when selecting a state to retire, Alabama is the state for you, but watch out for high costs in New York.

WalletHub suggests that retirees review multiple data points when considering potential retirement locations. Check out these reports to take a closer look.

2023's Best & Worst Places to Retire (wallethub.com) (for larger cities)

2023’s Best States to Retire (wallethub.com)

Mary Lou Cooper reports on consumer issues for KSFR as well as on politics and elder affairs. She has worked for the U.S. Congress as well as for the Nevada and Tennessee legislatures, and remains a political junkie. She worked many years for an association of Western state legislatures and was a contributor to “Capitol Ideas,” a national magazine about state government. In 2016 Cooper received a public service award from the New Mexico Broadcasting Association for her KSFR story on Internet romance scams. She has received journalism awards from the Society of Professional Journalists and from the National Federation of Press Women. She grew up in Oak Ridge, TN and received her BA from Emory University in Atlanta and her MA from the University of Texas Austin. She also holds fiction and screenwriting certificates from the University of Washington.