Texas Ranked 20th Best Place To Retire

AUSTIN, TEXAS — In a new study assessing the best states in which to retire, Texas didn't make the cut for the top ten list, squeaking into the 20th slot instead.

In the WalletHub study, 2019’s Best States to Retire, all 50 states are studied using a set of 46 key metrics — from adjusted cost of living to weather to quality of public hospitals. The research was conducted amid statistics showing that nearly 25 percent of non-retired adults have no retirement savings or pension.

Sandwiched between North Dakota and Massachusetts, Texas was assigned rankings in the study's various categories, including:

• 13th – Adjusted Cost of Living
• 12th – Annual Cost of In-Home Services
• 27th – WalletHub ‘Taxpayer’ Ranking
• 49th – Elderly-Friendly Labor Market
• 48th – % of Population Aged 65 & Older
• 30th – Property-Crime Rate
• 32nd – Life Expectancy
• 45th – Health-Care Facilities per Capita

According to the study, the top ten best states in which to retire, in descending order, are: Florida; South Dakota; Colorado; New Hampshire; Virginia; Utah; Iowa; Wyoming; Pennsylvania; and Minnesota.

To further aid people in preparing for retirement, the study includes advice from the study's authors. To plan well, future retirees need to carefully consider various factors such as finances, health and how they plan to spend your time. Various key questions are answered by clicking on researchers' profiles in the study, including:

1. What is the most common mistake that retirees make when choosing where to live?
2. What are some tips for living on a fixed income in retirement?
3. What are the top factors retirees should consider when choosing a state for retirement?
4. Should states work to attract retirees? What are the pros and cons to having a large retiree population?
5. Should retirees be exempt from certain state and local taxes?
6. How might changes to the tax code influence retirement security?

For the full report, click here.

Above graphic provided by WalletHub

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