Every retirees dream might be to retire to Hawaii. It’s got the best weather in the nation, the number 1 rated health care system (based on our blended average of health care options), great exemptions for social security and the 7th lowest crime in the country. Hawaii isn’t all palm trees and coconuts, it’s got the 48th highest income tax in the country and the worst meaning highest cost of living and real estate prices. That sub $500,000 retirement home with all the bells and whistles in Florida is starting you at over a million, and that’s without any noise makers to be had. It ranks 6th overall because of how unbelievably gorgeous it is and because if you’re able to navigate the real estate pricing and overall cost of living there, it’s relatively favorable for retirees in particular.
Hawaii is an ideal state to retire to, with great weather, excellent health care options, and a low crime rate. It also ranks highly for social security exemptions and has a relatively high retiree population. Real estate options are limited and prices are high, but the cost of living is offset by the a relatively low sales tax. Hawaii is a natural wonder, and maybe our bias is showing but if you’re going to retire, Hawaii offers views and things to do that could last a lifetime.
Retiring to Hawaii might be a dream but if you don’t know what you’re getting into it could easily become a nightmare. Hawaii may have some of the best weather and health care options out of all the states, but it is a group of islands. That means you need to be ready for shortages and costs that rise quickly. It can also mean that getting the help or items you need are days away due to travel. It’s highly recommened that you live here for a few months before retiring to Hawaii, because some people do get island fever and need to be inland. It is also one of the most expensive states in terms of real estate and cost of living, and has some of the highest income taxes.
Best Retirement Cities reviewed all 50 states against 10 different retirement criteria to determine what was truly the best state to retire to.