Bankrate.com: R.I. 22nd best state to retire

PROVIDENCE – Rhode Island is the 22nd best state to retire, according to Bankrate.com.
The financial services website rated states according to their cost of living, crime rate, health care quality, state and local tax burden, personal well-being for seniors and weather (such as percentage of sunshine and humidity).
Based on those criteria, Wyoming is the best place to retire in the United States, followed by South Dakota, Colorado, Utah and Virginia. Maine ranked the highest among the New England states at 11th. New Hampshire was 15th.
Rhode Island ranked third-highest in New England, and performed well in categories of health care quality and weather, ranking seventh and 12th, respectively. However, it ranked near the bottom for cost of living (41st) and tax burden (43rd).
The worst state to retire? New York, according to Bankrate.com. The Empire State ranked last for tax burden and third from the bottom for cost of living. Connecticut also was in the bottom 10, coming in at 42nd for its high tax burden (49th) and cost of living (46th). Connecticut performed well in the crime rate category, placing sixth in the nation.
“Densely packed, touristy communities tend to be more expensive places to live. There’s more competition for space and resources, and, as a result, those states tend to put more financial pressure on people with fixed incomes. Retirees still may find a lot to love in those states, but it could take more work to stay happy,” Bankrate.com said.
Bankrate’s study is in contrast to another retirement study conducted by another finance website, WalletHub, which said in January that Rhode Island is the worst state to retire. That study looked at cost of living, entertainment options, affordability and quality of life.

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