Advertiser Disclosure
GOBankingRates works with many financial advertisers to showcase their products and services to our audiences. These brands compensate us to advertise their products in ads across our site. This compensation may impact how and where products appear on this site. We are not a comparison-tool and these offers do not represent all available deposit, investment, loan or credit products.
10 Best States To Retire in for Affordability in 2023
Written by
Heather Taylor
Edited by
Somnia Keesey

Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 YearsHelping You Live Richer
Reviewed by Experts
Trusted by Millions of Readers
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.Â
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:
You May Also Like
How Much Retirees Spend Every Month Plus the One Expense That Shocks Them
December 23, 2025
2 min Read
I Asked ChatGPT To Come Up With the Best 401(k) Plan for My 50s -- Here's What It Said
December 17, 2025
2 min Read
3 Ways the Trump Administration Is Changing Social Security in the Next 3 Years
December 22, 2025
2 min Read
5 Cities Where You Can Retire for $1,500 a Month and Enjoy All 4 Seasons
December 22, 2025
2 min Read
The Key To Boosting Your Retirement Savings, According to Goldman Sachs
December 23, 2025
2 min Read
I Asked ChatGPT for Affordable Retirement Destinations With Scenic Views: Here Are Its Favorites
December 23, 2025
2 min Read
5 Countries To Retire for Best Quality of Life -- Are They Cost-Efficient in Today's Economy?
December 22, 2025
2 min Read
Net Worth for Retirees: How To Tell Whether You're Poor, Middle Class or Rich
December 19, 2025
2 min Read
I Asked ChatGPT What the 'New Normal' Retirement Looks Like in 2026 -- Here's Its Blueprint
December 17, 2025
2 min Read
I Asked ChatGPT Where Middle-Class Retirees Can Live Like Royalty on a Budget
December 17, 2025
2 min Read
Early Retirement: How Much You Need To Save To Retire by 40 in Each State
December 19, 2025
2 min Read
6 Things Experts Say Could Happen to Social Security Over the Next 10 Years
December 19, 2025
2 min Read
- How Long Will My Money Last?
- How Much Do You Need To Retire?
- How To Prepare For Retirement
- How To Save For Retirement Without A 401K
Learn More About Early Retirement Planning
Make your money work for you
Get the latest news on investing, money, and more with our free newsletter.
By subscribing, you agree to our Terms of Use and Privacy Policy. Unsubscribe at any time.

Thanks!
You're now subscribed to our newsletter.
Check your inbox for more details.

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.
Looks like you're using an adblocker
Please disable your adblocker to enjoy the optimal web experience and access the quality content you appreciate from GOBankingRates.
- AdBlock / uBlock / Brave
- Click the ad blocker extension icon to the right of the address bar
- Disable on this site
- Refresh the page
- Firefox / Edge / DuckDuckGo
- Click on the icon to the left of the address bar
- Disable Tracking Protection
- Refresh the page
- Ghostery
- Click the blue ghost icon to the right of the address bar
- Disable Ad-Blocking, Anti-Tracking, and Never-Consent
- Refresh the page



