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Georgia: #3 Best State to Retire in 2018

After rating all 50 states for retirement based on living costs, taxes and similar factors, Georgia ranked third on our list of best states for retirees.

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Picking where to retire isn't an easy decision. From climate to being near family, personal preferences come into play. Money matters, too. That's where we can help the most. We ranked all 50 states for retirement based on financial factors, figuring that the best states for retirees will offer low living costs and light tax burdens, as well as affordable health care options. We also favored states that are economically healthy and home to fit, active and relatively prosperous residents age 65 and over. After crunching all of the numbers, Georgia ranked third on our list of the best states for retirement. Here's why.

See Also: The Worst States for Retirement

Georgia: #3 Best State for Retirement

Population: 10.1 million

Share of population 65+: 12.3% (U.S.: 14.5%)

Cost of living: 7% below the U.S. average

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Average income for 65+ households: $50,607 (U.S.: $53,799)

Average health care costs for a retired couple: Below average at $404,460 (U.S.: $423,523)

Tax rating for retirees: Most Tax Friendly

Warm weather and a low cost of living make Georgia just peachy for a happy retirement destination. Health care expenses are particularly affordable for retirees, with the sixth lowest average costs for a retired couple in the country. Plus, Georgia's favorable tax situation makes it one of the 10 best states for taxes on retirees.

Learn more about how we ranked all 50 states for retirement including our methodology and data sources.

See Also: Beware: 13 States That Tax Social Security Benefits