spot_img

Study ranks Illinois one of the worst states to retire in

Date:

(The Center Square) – A new study says Illinois is not the place to be for retirement.

The personal finance website WalletHub has released the report “2024’s Best and Worst States to Retire.” Researchers analyzed 46 metrics to determine their ranking, including cost of living, life expectancy and crime rate.

According to the study, Illinois is ranked near the bottom at No. 41. Analyst Cassandra Happe said what hurt Illinois’ retirement ranking was the taxpayer category.

“Illinois came in at the bottom of the list on that particular study mainly because the difference between the tax rate and the U.S. average is almost 40% more, so the taxes seem to be a lot higher in Illinois,” said Happe.

Illinois also scored poorly in the health care facilities per capita category, ranking 48th in the country.

It is no secret many Illinoisans have fled the state, with many going to Florida, which is tops for the best state to retire in.

“What we found in our study for Florida is that they have a great ranking for the quality of life, they came out on top there, and they came in fourth place for affordability,” said Happe.

Rounding out the top five were Colorado, Virginia, Delaware and Wyoming.

The study ranked Kentucky, New Jersey, Mississippi, Rhode Island and Oklahoma as the worst states to retire in.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img

Share post:

Popular

More like this
Related

Ohio unemployment rate continues to rise

(The Center Square) – Ohio’s unemployment rate continues to...

Report: New York needs $29M to upgrade aging state bridges

(The Center Square) — New York needs to spend...

St. Louis schools leader on leave after problems with buses, budgets, hiring

(The Center Square) – Weeks before the start of...

New bridge to Canada is longest border crossing bridge in North America

(The Center Square) – Workers have successfully linked borders...