Tuesday, August 29, 2023

Best state to retire

 You know many people feel Florida is the best state to retire. But according to a recent Bankrate study Iowa is the best state based on Affordability (40%),Well-being (25%), Health-care quality and cost (20%), Weather (10%), and Crime (5%). Iowa’s biggest draw for retirees is its affordability. Since most retirees live on a fixed income, lower housing costs can help them stretch their dollars further than other states. According to Redfin’s data, as of July 2023, the national median home price is $422,137. But Iowa’s median home price comes in much lower at $232,200. Ultimately, where you choose to retire will depend on what’s most important to you. While affordability may rank highly on your list of priorities, you may also want to consider other factors, such as what activities you’ll have access to and whether you want to be close to family. And remember to consider how a place may change over time. You have to make a decision not only about the way things look today, but whether a place is going to be sustainable and less expensive over the long term. yoursafemoneyshow.com.

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