Living in the right place after you retire can make your money go a lot further. To determine the best states to retire, WalletHub compared the 50 states across 46 key indicators of retirement-friendliness, from financial factors like tax rates and the cost of living to things like access to quality medical care and fun activities. Wyoming ranked the 5th best state to retire in!
Wyoming ranked 7th in the affordability ranking, 7th in the quality of life ranking, and 37 in the health care ranking. Wyoming's overall score was 59.04. One of the ways Wyoming stood out was by keeping seniors safe. Wyoming has very good protections against elder abuse compared to most states, as well as one of the lowest violent crime rates in the country and little crime overall. It has some of the cleanest air in the country, too, which is a big help to seniors with breathing issues.
In the Equality State, retirees also tend to give back to their communities, as evidenced by one of the highest senior volunteering rates in the nation. This might help explain why there’s a low risk of social isolation for seniors.
When it comes to financial factors, Wyoming also ranks among the states with the lowest tax burdens and doesn’t have an estate or inheritance tax.