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The 15 most expensive states to live in when you retire

Published by Business Insider on Tue, 21 Feb 2017


If you've already decided when you want to retire, the next question is where.While low crime rates, proximity to healthcare, and amenities such as movie theaters and golf courses are important, affordability is crucial.As part of its recent ranking of the best and worst states to retire in, personal-finance site WalletHub also rated each state's affordability.To determine how much it costs to retire in each state, WalletHub considered cost of living, tax rates, tax friendliness on social security and pensions, and the annual costs of in-home services and adult day care. Read a full breakdown of the methodology here.Below, we've highlighted the 15 states that clock in on the most expensive side of the spectrum, with Rhode Island earning the No. 1 spot. Notoriously expensive locales such as Hawaii and New York made a showing in the top 10 as well.If you're close to retirementor getting an early start on your researchread on see the 15 most expensive places to end up.SEE ALSO:The 15 best states to live in when you retireDON'T MISS:Two school teachers who quit their jobs to travel the world after just 8 years reveal the hardest part of retiring before 3015. MaineAffordability rank:37Quality of life rank:7Healthcare rank:1414. AlaskaAffordability rank:38Quality of life rank:50Healthcare rank:3413. MarylandAffordability rank:39Quality of life rank:21Healthcare rank:27See the rest of the story at Business Insider
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