New York Ranks Among Worst States To Retire

02/02/2016 1:00 p.m.

Kayaks at the shoreline of the Hudson River in Tarrytown. New York is ranked as one of the worst states to retire because of affordability, but the state ranks rather high in terms of quality of life. Photo Credit: *Facebook*

It'll come as no surprise to those living there, but New York ranks as one of the worst states for retirement because many people of retirement age cannot afford to live there, according to wallethub.com.

Wallethub, a website calling itself "The Web's Best Personal Finance Resource," ranked the 50 United States and the District of Columbia, ranking each on a scale of 24 key metrics.

White New York ranks 44th overall, it actually ranks worse (48th) when specifically dealing with affordability. The state does, however, rank as the number 2 state for quality of life and 27th for best healthcare, according to Wallethub.

The top five states listed as best places to retire include:

1.) Florida
2.) Wyoming
3.) South Dakota
4.) South Carolina
5.) Colorado

Those states rounding out the very bottom of the list include:

51.) Rhode Island
50.) Washington, D.C.
49.) Hawaii
48.) Connecticut
47.) Vermont

Click here to see the complete list.

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