Forget Florida: The 10 best states for retirees aren't what you'd expect
Briefly

A Bankrate study ranked the best states for retirees, finding no representation from the South. Key factors influencing the rankings included affordability, weather, and healthcare, with affordability being the most significant. Surprisingly, Florida did not make the top 10, primarily due to high home-insurance costs and the risks associated with hurricanes. The Northeast states dominated the rankings, illustrating an unexpected trend away from traditional warm-weather retirement destinations in favor of more affordable and reliable options.
Affordability is the most-weighted category by far, while weather, neighborhood safety, and healthcare are closely weighted together as second-, third-, and fourth-most important.
Kates explained that natural disasters and rising home-insurance costs played a large role in Florida's exclusion from the top 10.
All states along the Gulf have propensity to get hurricanes, which pushed those states far down the rankings.
Florida's high home-insurance costs are very, very relevant for retirees who may not have a mortgage, but that's a really high fixed cost for them.
Read at Business Insider
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