To determine the best places to retire in every state, 24/7 Wall St. created an index of 11 different health and economic factors.
Health factors considered in the index include: the number of dentists per capita, the number of primary care physicians per capita, the number of mental health professionals per capita, the number of social associations per capita, the percentage of the population with adequate access to locations for physical activity, the rate of preventable hospitalizations per 100,000 Medicare enrollees, the percentage of female Medicare enrollees ages 65 to 74 that receive an annual mammography, the number of annual deaths among residents under 75 per capita, and the percentage of adults 20 and over with diabetes diagnosis. All health data came from the 2020 County Health Rankings & Roadmaps, a Robert Wood Johnson Foundation and University of Wisconsin Population Health Institute joint program, and are for the most recent year available.
Economic factors considered include median home value and the average monthly cost of living for two people with no children. Data on median home value came from the U.S. Census Bureau’s 2019 American Community Survey and are five-year estimates. Data on cost of living came from the Economic Policy Institute and are for 2017.
Only counties where the share of the population 65 and over was greater than the 15.6% national share, and where growth rate of the 65-plus cohort from 2015 to 2019 was greater than the 13.8% national figure were included in the analysis.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.