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10 best states for retirement

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No. 7: Montana
Montana © puttsk/Shutterstock.com

No. 7: Montana

Bankrate's ranking found a lot to like in Montana. It's one of four states to receive above-average scores in all the criteria considered: cost of living, crime, health care quality, taxes, weather and wellness.

Montana may not have beaches or year-round sun. But it's still a place where retirees can enjoy above-average weather and good health care while saving money with a relatively low tax rate. It's also considered relatively safe, with a below-average crime rate. And residents enjoy living there, according to a nearly continuous survey by Gallup-Healthways.

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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