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20 states that are better than Florida for retirees
20 states that are better than Florida for retirees
Madison HoffJan 28, 2023, 19:35 IST
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Florida has been a popular state for people to retire to.
But Rhode Island, Delaware, and Ohio may also be great states for retirees.
Even though retirees have historically flocked to Florida, Rhode Island and Delaware may be two great alternatives for those ready to enjoy their golden years.
That's according to Insider's analysis of various datasets to find the best states for retirees to live in. Based on our methodology, 20 states ranked above Florida.
According to one analysis of the American Community Survey from the Census Bureau, Florida was the No. 1 state retirees were heading to.
Insider wanted to see what other states may be great for retirees based on several factors, including average temperatures as well as the cost of living. According to our analysis and methodology, there were 20 states that ranked above Florida. This includes Arkansas, Texas, and Maine.
The following are 20 states that may be great for retirees. Below these top states is more information about our methodology and our full list of data sources we used in creating this ranking.
Are you a retiree who moved to or lives in one of the top states part of our analysis? Email this reporter at mhoff@insider.com.
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19 (tie). Nebraska
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19 (tie). Arizona
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18. Illinois
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17. Arkansas
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16. Massachusetts
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15. Kentucky
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13 (tie). Texas
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13 (tie). Maine
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11 (tie). New Mexico
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11 (tie). Mississippi
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10. West Virginia
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9. Vermont
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8. Missouri
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7. Louisiana
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5 (tie). Pennsylvania
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5 (tie). Alabama
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3 (tie). Tennessee
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3 (tie). Ohio
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2. Delaware
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1. Rhode Island
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Here's how we created our ranking
To create our ranking, we looked at seven different metrics. We used data for each state and Washington, DC to figure out top states for retirees.
The percent change in the population 65 and over from 2019 to 2021. We used 2019 and 2021 one-year data from the American Community Survey.
Employment in home health care services per 1,000 residents. Employment data is from the Quarterly Census of Employment and Wages where the most recent month available was June 2022. Since we wanted to look at per capita figures, we used Census Bureau population estimates of the population as of July 1, 2022 with these employment figures.
Employment in nursing care facilities (skilled nursing facilities) per 1,000 residents. Like employment in home health care, we used June 2022 data from the Quarterly Census of Employment and Wages and population estimates as of July 1, 2022 from the Census Bureau.
The average temperature from December 2017 to November 2022. This data was from NOAA National Centers for Environmental information. For DC, we used the average temperature for Reagan National. For Hawaii, we used the average temperature for Honolulu International Airport.
Regional price parities (RPP) for all items to get a sense of a states' cost of living. We used 2021 data from the Bureau of Economic Analysis.
We then ranked each state and DC for each metric. Afterward, we took the average of each rank and used that average to determine the best states to retire to.