Bankrate: Colorado’s health care, taxes outweigh wintry weather in retirement rankings

Posted by Tom Kalinski Founder RE/MAX of Boulder on Wednesday, May 7th, 2014 at 12:49pm.

It may not have warm weather year round or beachfront property, but what it does offer – high-quality health care and a lower-than-average tax burden – makes Colorado the second best state in the U.S. to retire, according to Bankrate. 

South Dakota, with its low taxes, lack of crime and easy access to quality health care, earned the ranking as the No. 1 state for retirees. Bankrate's rankings equally weighted weather, cost of living, crime, quality of health care, state and local taxes, and general well-being.

Midwestern and Mountain states dominated the list, with Utah, North Dakota and Wyoming rounding out the top five.

All of the states in the top five provide excellent health care and some of the lowest state and local tax rates in the country, which can have a big impact for retirees living on fixed incomes, Chris Kahn, research and statistics editor at Bankrate, tells CNN Money.

“Yes you are still going to need a snow shovel ... but you're getting a lot in return for that cold weather,” Kahn says.

Sunny Florida has long been popular among many retirees, it ranks near the bottom of the Bankrate list – in 39th place – with a higher crime rate and living costs and lower quality health care. And another state known for its sun and beaches, California, ranked 28th, weighed down by high state taxes and living costs, according to CNN Money.

Here are the 10 states offering the best mix of affordability and lifestyle that make them attractive for retirement living, according to Bankrate:

Tom Kalinski 
Owner and Founder
RE/MAX of Boulder

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