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10 worst states for retirement

Retirement » 10 Worst States For Retirement

No. 3: Alaska
Alaska © laceagatedesigns/Shutterstock.com

No. 3: Alaska

Alaska, which is heavily supported by the oil and gas industry, asks very little of its taxpayers. The state and local tax burden is the second-lowest in the country, just behind Wyoming, according to the Tax Foundation.

It's a rare bright spot, given the number of challenges facing many of the state's retirees.

Alaska receives some of the lowest scores in the nation for health care quality. It's also one of the most expensive states, with a cost of living that's behind only Hawaii.

Oh, and it's frigid. In Anchorage, temperatures consistently hold below freezing from November to February. Sunshine is a rarity in some parts of the state. Juneau, for example, gets less sunshine than any other city monitored by the National Oceanic Atmospheric Administration.

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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