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California Ranks as One of Worst States to Retire
California ranks 43rd overall in a new national Bankrate.com report that ranks the best states in which to retire. The Golden State needs to polish up a few areas including affordability, where it ranked No. 49 and crime, No. 34, though it ranks among the top 20 for culture, weather and wellness.
Nebraska topped the rankings, followed by Iowa, Missouri, South Dakota and Florida.
Maryland was the worst state for retirement and New York was the second worst, mainly because it comes in last in affordability – the study’s most important metric.
The study examined 11 public and private datasets related to the life of a retiree, comprised into five categories (weightings in parentheses): affordability (40%), wellness (25%), weather (15%), culture (15%) and crime (5%).
Bankrate.com data analyst Adrian Garcia says, “There are many factors to consider when deciding where to retire. Some people may choose to stay close to family, while others prefer to seek out warm weather or affordable living. It comes down to very personal preferences, so it’s important to weigh all factors and determine what is most important for your happiness.”
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