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Idaho tops study on retirement-friendliness as costs stay low
The study also cites Idaho annual medical expenses of $8,148 per person and a crime rate about 41% below the national average.
A new study ranks all 50 U.S. states by how far retirement savings may stretch, using factors including healthcare costs, housing expenses, property taxes, utilities, food costs, crime rates, and average earnings, according to Yahoo Finance.
Idaho claimed the top spot with a Retirement Index Score of 100, helped by affordability, safety, and comparatively low healthcare costs. The state reported annual medical expenses of $8,148 per person, above-average earnings of $63,894, and a crime rate about 41% lower than the national average.
Arizona ranked second with a score of 90.67, supported by a warm climate, lower property taxes, and above-average earnings of $63,692. The study lists Arizona’s property tax rate at 0.41%, with average monthly utility costs around $524.
North Dakota placed third with a score of 90.48, benefiting from strong average earnings of $65,127 and lower food and beverage costs, cited at about $3,810 per person annually, more than $500 below the national average.