Where does Georgia rank among best states for retirement?

The 10 Best Spots Worldwide for Your Retirement. International Living has released a list of its top countries for people to settle when their working days are over. The list is based off many factors, including the cost of living and housing, health care and perks for older residents. In the top spot is Portugal, where comfortable living can be had for a monthly fee of just $2,500. In second is Panama, where it is slightly more at just $2,600. With its $2000 price tag, Costa Rica takes third place. In fourth is Mexico which costs $1,500 to $3,000 based on your area. . Here is the rest of International Living's top 10 and their monthly amounts:. 5. Colombia - $1,030 to $2,720. 6. Ecuador - $1,800. 7. Malaysia - $1,800. 8. Spain - $2,500. 9. France - $2,500 (as long as it is not in Paris). 10. Vietnam - Less than $1,500

Retirement is a goal of many people and one that many are forced to push back because of finances.

In 2019, 26% of working adults had no money saved for retirement, and the coronavirus pandemic likely means few were able to save money in 2020, financial website WalletHub reported. An October study by LendingTree found that 4 in 10 Americans expect to retire later than originally anticipated because they weren’t financially ready for the pandemic.

Explore3 Georgia cities among best places to retire, according to WalletHub

When to stop working is just one thing people need to consider for retirement. Where you retire can determine how well you live on the money you’ve saved. To determine the best states for retirement, WalletHub compared all 50 states across three dimensions: affordability, quality of life and health care. Within those dimensions, the states were compared across 45 key indicators. Each metric was graded on a 100-point scale, with a score of 100 representing the most favorable conditions for retirement.

To make the most of your retirement, WalletHub found, you’ll want to move a bit farther south.

Florida took the top spot in the analysis, with an overall score of 61.09. It was followed by Colorado, Delaware, Virginia and North Dakota, in that order.

Georgia fell into the bottom half of the states, albeit at the top of the bottom.

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With an overall score of 49.33, WalletHub ranked Georgia No. 26. Although ninth in affordability, the state ranked No. 42 in both quality of life and health care.

Quality of life metrics included share of population age 65 and older — Georgia was 47th — risk of social isolation, mildness of weather and senior citizen volunteer rate, among others.

Health care metrics included COVID-19 positive testing rate and death rate, family physicians, nurses and dentists per capita, among others.

You can see WalletHub’s full results on its website by clicking here.

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