If you're thinking about making a big move in retirement, it's important to consider what characteristics you want in your new home and which ones to avoid at all costs.
Rhode Island is ranked 48th in the U.S. for states to retire in- that's the fifth worst! This rating can be attributed to Rhode Island's sky-high utility, real estate, and transportation prices.
WalletHub gave Connecticut the not-so-coveted title of the eighth worst state to retire in. Connecticut's affordability (or lack thereof) for retirees is a big reason why their ranking is so poor.
Maryland earned its low ranking thanks to its high cost of living and low culture and weather ratings. Not only does Maryland have state income tax, but they are also one of the sea states to have an estate tax as well.
Alaska has the second smallest share of retirees. The cold climate is an obvious deterrent, however, the state has other issues, such as a high violent crime rate and a cost of living that is higher that the nationwide average.