Best And Worst States To Retire: See Where MD Ranked

MARYLAND — A recently released ranking has determined how comfortable retirees would be if they chose to settle down in Maryland.

To determine the best and worst states to retire, credit and finance website WalletHub compared each across 46 key indicators of retirement-friendliness. Indicators ranged from financial factors like tax rates and the cost of living to things like access to quality medical care and fun activities.

Analysts found the best states for retirees are those that offer them low taxes and a low cost of living, among other amenities.

"Retirement is supposed to be relaxing, but it can also be incredibly stressful given that it typically puts people on a fixed income, which may not be enough for them to live comfortably," WalletHub analyst Chip Lupo said in a statement. "Having access to excellent medical care and homemaking services is also crucial, especially for people who don’t plan to retire in close proximity to their families.”

Maryland came in at No. 36 on the list. It also scored lower in affordability, according to the study.

Florida ranked as the best state to retire, followed by Minnesota, Colorado, Wyoming and North Dakota.

Kentucky is the worst state to retire, according to the study, followed by Louisiana, Mississippi, Washington and New Mexico.

See the full list at WalletHub.com.