Which State Dethroned Florida For The Best State To Retire
We would never think to see the day! According to a recent study by WalletHub, Florida has been dethroned as the best place to retire in the country. For decades Florida has been known as the retirement capital in America. It’s been a common joke for people to save their money and head to the Sunshine State once they reach a certain age. Florida was dethroned as the best place, but they didn’t move far down the list. We now rank second in the best state to retire.
We have a feeling that Florida was knocked off the number one spot because the cost of living has gone way up. Homes that used to sell for $250k are going for double on the market. Groceries and gas are breaking people’s wallets, and Social Security may not be able to cover all that here. Another reason why we think Florida was dethroned is the weather. And no, we don’t mean the year-round warmth. But we have a feeling hurricanes are stopping retiree’s from moving to Florida, not that it’s been confirmed though.
In order to identify the most retirement-friendly states, WalletHub compared the 50 states across three key dimensions: 1) Affordability, 2) Quality of Life and 3) Health Care.
So who dethroned Florida for the #1 state to retire?
Virginia is know the best state to retire, according to WalletHub. They had a much higher health care ranking, which is what cost Florida the #1 spot. The rankings are just about neck and neck. Florida ranks better for quality of life and slightly better for availability. But seniors need good health care, which is where Florida lost to Virginia. Click here to see the full rankings of the best states to retire.