Connecticut is the 19th worst state in the nation to retire, in large part because of high taxes and a high cost of living, according to a new analysis by BankRate.
According to the online financial publisher, Connecticut ranks 49th for taxes and 47th for cost of living. Its strengths are as a state with the seventh lowest crime rate and 10th highest cultural vitality ranking.
New Hampshire ranks as the best state to retire, with Colorado, Maine, Iowa and Minnesota rounding out the top five. Louisiana, New Mexico, Arkansas, West Virginia, and Alaska comprise the bottom five.
Cost of living and healthcare quality represent the top factors considered when seniors decide where to retire, BankRate said.
Other areas ranked include weather, senior population and well-being. The full report is available here.
