Top 15 Worst States for Retirement in 2021

7 min read

High cost of living and poor quality of life make these the 15 worst states for retirement in 2021.

15. Colorado

Colorado Mountains Rocky
Source: Pixabay

There are quite a few factors that make relocating to Colorado a not-so-wise choice for retirees. According to RetirementLiving, the cost of living in Colorado is high.

For example, the cost of assisted living is $4,438/month, the cost of memory care is $5,100/month, and the cost of in-home care is $5,298/month. Those planning to stay in a nursing home would have to pay out the most at $8,192/month.

The average home price ($343,000) is moderately high and increases in urban areas. The poverty rate in this state is high as well with 14.6% of residents struggling to make ends meet.

Lastly, connecting with other retirees will be difficult as only 9.3% of the state’s population is 65 years of age and older.

14. Connecticut

Connecticut State Capitol
Source: Pixabay

Connecticut is tied with Colorado as the 15th worst state for retirement in 2021. But, for this article, we will separate the two.

According to World Population Review, Connecticut ranks 8th on the list of top 10 states with the highest retirement costs. Yearly expenses for retirees in Connecticut total up to $66,543. As expected, taxes in Connecticut are high, with households paying nearly 36% more than the national average.

Unfortunately, the weather in Colorado isn’t all that great either. “It’s either too hot or cold. We get about three months, split into six weeks, before and after summer, where the weather is usually tolerable,” Jaymez82 wrote on Reddit.

13. Kansas

Kansas Farmland
Source: Pixabay

Taxes in Kansas are high — almost 25% higher than the national average. As such, the average household pays about $7,300 each year in state and local taxes. Additionally, the health care in the Sunflower State is nothing to brag about. In fact, it isn’t easy to find a dentist there.

Kansas is also smack dab in the middle of Tornado Alley. According to Bankrate, the state is regularly hit by tornadoes and ranks third nationwide for tornadoes per 100 square miles between 1950 and the present. The state reported 127 tornadoes in just 2019 alone!

One of the worst tornadoes to ever hit the area struck the suburbs around Wichita in April 1991. The storm caused $300 million in damage — not exactly a place you want to live during your retirement years unless you have plenty of money in your emergency fund.