retirement

10 worst states for retirement

Retirement » 10 Worst States For Retirement

No. 4: Arkansas
Arkansas © rarena/Shutterstock.com

No. 4: Arkansas

Arkansas is certainly easy on the wallet. It's the seventh-cheapest place to live for retirees, according to the Council for Community and Economic Research.

But Arkansas struggled in every other category. It had the third-highest crime rate, the sixth-lowest rating for wellness and the eighth-lowest health quality scores. It also had above-average state and local taxes, with a combined rate of 10.3 percent, according to the Tax Foundation.

It's also one of the most humid states in the country, which can make Arkansas an uncomfortable place to live during the summer.

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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