The 10 most expensive states to retire in

New York is one of the most expensive states to retire in, while California does not make the top 15 on the list, according to a report from WalletHub that lists the 10 least affordable states to retire in as New York, New Jersey, Vermont, Massachusetts, Maryland, Washington, Connecticut, Maine, Illinois, and Oregon.

Florida finished as the ninth most affordable state, despite being known as the state most associated with retirement. The 10 most affordable states to retire in are Alabama, Tennessee, West Virginia, South Carolina, Wyoming, Delaware, Georgia, Arkansas, Florida, and Mississippi.

Virginia was suggested as the best state to retire in based on a combination of affordability, quality of life, and healthcare, with Florida finishing second for those factors. Based on those same factors, the worst state to retire in is Kentucky, with New Jersey coming in at second worst.

A recent report from the Federal Reserve found that only 40% of adults feel their retirement savings plan is on track and that 75% of adults said they have retirement savings. Despite this, retirees make up 27% of the adult population in the United States.

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