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10 best states for retirement

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No. 2: Colorado
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Colorado © Arina P Habich/Shutterstock.com

No. 2: Colorado

Colorado has long been a paradise for outdoorsmen of all stripes. It's home to some of the best ski resorts in the country, and the mammoth, multi-tiered Rocky Mountains provide a seemingly endless number of fishing holes and camp sites.

The summers are relatively mild with especially low humidity. And did you know that Pueblo, Colorado, gets more sunshine than Honolulu? The sunshine comes, of course, with a lot of snow. And temperatures can drop well below freezing in the winter.

For retirees, Colorado's strengths are similar to Utah's. But in many ways it's even better.

Colorado gets above-average marks for cost of living, crime rate, health care quality and taxes. The Gallup-Healthways survey finds that the well-being of Colorado residents ranks among the highest in the nation.

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Sources: Agency for Healthcare Research and Quality; Healthways; the Council for Community and Economic Research; the FBI; the Tax Foundation; and the National Oceanic and Atmospheric Administration.

Source methodology: Bankrate collected the latest available statistics on cost of living, violent and property crime, health care quality, state and local taxes, wellness and weather (humidity, percent available sunshine and temperature). States were then given standardized scores, with more points going to a lower cost of living, lower crime rate, lower tax burden, stronger health care, better wellness grades and better weather. The scores were combined to create a composite score.

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