Maine is a mediocre state for retirement, study says
Courtesy / WalletHub
While Maine is home to the oldest people in the country, on average, it may not be such a great place for them to retire.
That’s the finding of a new analysis by financial website WalletHub, which recently compared U.S. states across 47 key indicators of “retirement friendliness.”
Maine ranked No. 28, just behind Washington and one notch above Hawaii. Among New England states, Maine beat out Connecticut, Rhode Island and Vermont, but trailed Massachusetts (No. 14) and New Hampshire (No. 3).
The WalletHub study, released last week, ranked the states on metrics related to affordability, quality of life, and health care. Specific criteria ranged from the average cost of adult day care to the number of bingo halls per capita.
Maine ranked No. 10 among the states for quality of life and No. 15 in health care. But when it came to affordability, the state was No. 42. In fact, each of the New England states fared significantly worse in that ranking than in the other two criteria.
The top state overall for retirement was, perhaps not surprisingly, Florida. Kentucky ranked as the worst, No. 50.
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