Social Security Administration figures show that a record 4.2 million Americans will turn 65 in 2025. And with more Americans than ever reaching retirement age this year, where will they choose to live?
Several factors can make a state a good place to retire. That's why senior living technology company Seniorly looked at nine metrics (cost of living, income taxes, Social Security benefits, weather, entertainment options, doctor availability, long-term care spending, senior community elderly and the general health status of the state's elderly population) to formulate their end times published a study listing all 50 states and Washington DC
Topping the list was Washington DC, which had a high availability of doctors, or 769 doctors per 10,000 retirees. It also had ample recreational opportunities, such as golf courses and museums, and provided seniors with a substantial Supplemental Security payment of $1,094 per month.
However, the country's capital presented some drawbacks, mainly a high cost of living and a maximum personal income tax rate of 10.75%.
Wyoming and South Dakota, which have no personal income tax, ranked in the top ten for affordability and high quality of life.
While other lists have labeled Florida the best place to retireSeniorly ranked Sunshine State No. 18 because the state Medicaid program spends $542 per senior on long-term care compared to DC's $12,993 per senior.
New Jersey stood out as the worst-ranked state overall for retirement due to its lack of affordability, high cost of living and top income tax rate of 10.75%. It also had a low Supplemental Security Income payment of $660 and a low number (268) of arts and entertainment facilities per 100,000 seniors.
Related: Can you afford to retire? Here's how much Americans spend every day in retirement
Massachusetts was ranked the seventh worst state to retire. Seniorly named the Bay State the least affordable state in the US for retirees.
Here are the best and worst states to retire in the US in 2025, according to the report.
The best states
1. Washington DC
2. Montana
3. Wyoming
4. Alaska
5. Pennsylvania
6. South Dakota
7. Vermont
8. North Dakota
9. Rhode Island
10. Maine
The worst states
1. New Jersey
2. Alabama
3. Kansas
4. Georgia
5. Oklahoma
6. Mississippi
7. Massachusetts
8. South Carolina
9. Texas
10. Arizona
For the full list, click here.