A recent study by WalletHub has placed Kentucky as the worst state to retire in for 2025, while Florida continues to hold the top spot as the best state for retirees. If you’re thinking about where to retire, this study breaks down the most important factors, like affordability, quality of life, healthcare, and fun activities, to help you make the best decision.
Why Kentucky is the Worst State for Retirement
According to WalletHub’s study, Kentucky ranks the lowest for retirement. The state has an overall score of 42.46, which is much lower compared to other states. Here’s why:
- Affordability: Kentucky scored just 36 out of 100 for affordability. This means that it is harder for retirees to manage their money there. With fewer discounts and programs aimed at seniors, living in Kentucky can be costly when you’re no longer working.
- Quality of Life: The state also scored poorly in quality of life, ranking 41st. This includes factors like weather, access to recreational activities, and senior-friendly services.
- Healthcare: Health is a big concern for retirees, and Kentucky didn’t do well here either. With a rank of 45 for healthcare, it’s clear that there are challenges when it comes to access to top-notch medical services.
Overall, Kentucky is not seen as a retiree-friendly place based on these important factors.
Florida Stays at the Top for Retirement
On the other hand, Florida has been named the best state to retire in for the second year in a row. The Sunshine State scored a total of 62.76 points, ranking first in several key areas:
- Affordability: Florida scored a very high 2nd place in affordability. It offers no estate, inheritance, or income taxes, making it easier for retirees to save and spend their money.
- Quality of Life: Florida ranks 2nd for overall quality of life. The state offers a lot of fun things to do, from beautiful beaches to plenty of volunteer and recreational activities for seniors.
- Healthcare: Florida ranked 27th for healthcare, which is decent, especially when you consider the large population of seniors living there. The state also receives substantial funding to provide services to seniors, like transportation and home care programs.
What Makes Florida Ideal for Retirees?
Florida has earned its reputation as a “retirement paradise.” Aside from the tax benefits, Florida has a lot to offer retirees:
- Activities: The state has the second-most adult volunteer activities, a large number of theaters, and a huge number of golf courses and country clubs.
- Healthcare for Seniors: Florida invests heavily in senior health programs. It has the third-lowest death rate in the U.S. for people aged 65 and above, which shows that the state’s healthcare system is doing something right for retirees.
- Cost of Living: Although Florida’s overall cost of living is higher than some other states, the lack of taxes helps retirees save more of their income, making it easier to live comfortably.
What About Our Neighboring States?
Let’s see how Kentucky’s neighbors rank:
- Ohio: Ohio ranks much better at 11th place for retirement, offering a balanced mix of affordability, quality of life, and healthcare services.
- Indiana: Indiana is in 40th place, which is closer to Kentucky’s position but still better in terms of living costs and healthcare.
Top 5 States for Retirement
Here’s a quick look at the top states for retirement, according to WalletHub’s 2025 study:
- Florida
- Minnesota
- Colorado
- Wyoming
- South Dakota
Conclusion: Where Should You Retire?
Choosing where to retire is an important decision, especially if you want to make sure your money lasts. Kentucky may not be the best choice if you’re looking for affordability and healthcare options. On the other hand, Florida continues to be a great option, with its tax benefits and a lot of activities for seniors.
If you’re planning to retire soon, consider looking into other states like Ohio or South Dakota that also offer a good balance of cost, healthcare, and quality of life. Always weigh all factors before making your decision!
(Source : local12.com)
