Rhode Island Named 3rd-Worst State For Retirement

New data from WalletHub names Rhode Island as one of the worst states in the country when it comes to retirement. According to the ranking, the Ocean State is nearly in last place, coming in at number 48 out of 50.

To determine the ranking, WalletHub considered several variables, including affordability, quality of life and healthcare, ranking states in each category. From there, the organization gave states a total score out of 100, ranking them from best to worst.

First place, unsurprisingly, went to Florida, which excelled both in "affordability" and "quality of life." Behind the sunshine state were Colorado, New Hampshire, Utah and Wyoming.

Rhode Island fared the worst in the "affordability" category, coming in at number 47. Here's how it ranked the all the categories:

• Overall rank: 48
• Overall score: 43.49
• Affordability: 47
• Quality of life: 38
• Health care: 25

The interactive map below shows the ranking for each state.

See the full ranking and methodology on WalletHub's website.