10 Best States To Retire in for Affordability in 2023

There are several noteworthy states across the United States where it’s safe to retire or where retirees can live on just a Social Security check.
What about the most affordable states for retirees? To identify these states, WalletHub compared the 50 U.S. states across three key dimensions. These include affordability, quality of life and healthcare. Affordability, at 40 total points, factored in the adjusted cost of living and general tax friendliness among other key retiree-specific factors. For this piece, we’re focusing on just affordability and the cities that are in the top 10, but you’ll also get information on the quality of life and healthcare. If you’re retiring in 2023, check out these 10 affordable states.
10. Mississippi
- Affordability: 10
- Quality of life: 50
- Healthcare: 48
- Total Score: 40.80
9. Florida
- Affordability: 9
- Quality of life: 4
- Healthcare: 28
- Total Score: 57.43
8. Arkansas
- Affordability: 8
- Quality of life: 49
- Healthcare: 44
- Total Score: 44.73
7. Georgia
- Affordability: 7
- Quality of life: 40
- Healthcare: 42
- Total Score: 48.58
6. Delaware
- Affordability: 6
- Quality of life: 33
- Healthcare: 18
- Total Score: 55.49
5. Wyoming
- Affordability: 5
- Quality of life: 9
- Healthcare: 38
- Total Score: 55.60
4. South Carolina
- Affordability: 4
- Quality of life: 38
- Healthcare: 39
- Total Score: 52.06
3. West Virginia
- Affordability: 3
- Quality of life: 43
- Healthcare: 49
- Total Score: 46.44
2. Tennessee
- Affordability: 2
- Quality of life: 48
- Healthcare: 45
- Total Score: 47.16
1. Alabama
- Affordability: 1
- Quality of life: 44
- Healthcare: 50
- Total Score: 50.65
More From GOBankingRates
Share This Article:
Related Content

Dave Ramsey: 7 Steps for Withdrawing Money From Your Retirement Account Once You've Retired
December 07, 2023
2 min Read






$59 Isn't Enough of a Social Security Increase in 2024--What Should It Be?
December 06, 2023
2 min Read

6 Changes Coming to Social Security in 2024 and Who Could Be Affected Most
December 06, 2023
2 min Read

Christmas in Retirement: Celebrating Without Compromising Your Nest Egg
December 06, 2023
2 min Read

Grant Cardone: Depending on Social Security Is 'Bordering on Irresponsibility'
December 04, 2023
2 min Read



Sign Up For Our Free Newsletter!
Get advice on achieving your financial goals and stay up to date on the day's top financial stories.
By clicking the 'Subscribe Now' button, you agree to our Terms of Use and Privacy Policy. You can click on the 'unsubscribe' link in the email at anytime.
Thank you for signing up!


Sending you timely financial stories that you can bank on.
Sign up for our daily newsletter for the latest financial news and trending topics.
For our full Privacy Policy, click here.