WalletHub names Pa. one of the best states to retire
Pa. ranked the 9th best state to retire.
Downtown Pittsburgh as seen from West End Park on a February afternoon.
February 12, 2019
PITTSBURGH — A recent WalletHub study listed Pennsylvania as one of the best states in which to retire.
The research done by WalletHub compared 50 states with 46 key indicators of retirement-friendliness. Some of these indicators were affordability, health-related factors and overall quality of life.
Pennsylvania was ranked as the ninth best state in the country to retire in. The top five best states are:
- Florida
- South Dakota
- Colorado
- New Hampshire
- Virginia
One factor taken into consideration was affordability. WalletHub scored each state on adjusted cost of living, general tax friendliness, lenience on pensions and Social Security Income and also on estate or inheritance tax, annual cost of in-house services and more.
The health care section looked at the number of family physicians per capita, number of dentists per capita and the number of nurses per capita.
Other factors were quality of hospitals, life expectancy, the death rate for people aged 65 years or older and many other factors.
For the quality of life, WalletHub looked at many factors including the share of population aged 65 years or older, risk of social isolation, elderly-friendly labor market and more.
The five worst states to retire in according to WalletHub are:
- Kentucky
- Rhode Island
- West Virginia
- Vermont
- New Jersey
To view the entire study and other studies by WalletHub, visit their website.
