Montana Ranks in Top 10 States to Retire
When the time comes to pick a place to spend your golden years, Montana definitely has a lot to offer - though I may be biased. WalletHub compared all 50 states to find the most retirement-friendly states and Montana ranked 6th overall.
Here are the 10 Best States for Retirement:
- North Dakota
- New Hampshire
Each state was ranked on 45 key indicators that were broken into three main categories: Affordability, Quality of Life, and Health Care. Each category allotted a certain number of points and the weighted. When comparing the affordability between states the overall cost of living was factored in along with taxpayer-friendliness, cost of in-home services, and adult health care costs. Calculating the quality of life involved comparing how much of the population was over 65, the risk of social isolation, adult volunteer activities, crime rate, water, and air quality. Finally, when factoring in health care COVID death rate, COVID test rate, nurse numbers, dentists per capita, the overall death rate for those over 65, and physicians per capita.
Montana ranked 12th in Affordability, 22nd in Quality of Life, and 15th in Health Care. These placings secured the state the 6th place overall. See the full map and where other states rank below.
These new rankings are revealed just a month after MSN released "What it Costs To Comfortably Retire in Each State." Find out what a comfortable retirement will cost you in Montana here.