Nearly One-Quarter of Americans Never Plan on Retiring

How Georgia ranks among best places for retirement

Wealth management and financial advice website Blacktower analyzes all 50 states

Retirement is the goal of most workers. Where you choose to retire can be the difference between making it and it breaking you.

You want to pick somehwhere with low crime, a low cost of living and a higher life expectancy.

In other words, you want Iowa.

» 4 myths about retirement in Georgia

That’s according to Blacktower, a wealth management and financial advice website for UK citizens and dual nationals who are residents in the United States.

To determine its ranking, Blacktower normalized the data categories individually from 0 to 1 and then added the results. So, the highest possible score was 4.

  • Crime: The area/state with the highest rate of crime would be weighted closer to 0 
  • Cost of living: The area/state with the highest cost is weighted closer to 0 
  • 60 and over: Lower % of population is weighted closer to 0 
  • Property prices: Higher property prices are deemed less desirable so are weighted down 
  • Life expectancy: Lower life expectancy is less desirable so weighted down

Iowa fished at No. 1, with a score of 3.88. It was bolstered by its low cost of living. Alaska finished in last place, with a score of 2.21.

» Why WalletHub says Atlanta is pretty good place to retire

Georgia finished No. 32, with an overal score of 3.28. This is in line with a 2018 retirement analysis by financial website WalletHub that ranked Georgia No. 37 overall.

In the Blacktower ranking, Georgia was smack in the middle — No. 25 — for crime; No. 10 for low cost of living; No. 47 for 60 and older population; No. 23 for property prices; and No. 37 for life expectancy (only 77.2 years).

If you’re determined to stay in Georgia during retirement, however, you might want to move to Cumming.  The city in Forsyth County came in second last year in a Best Places to Retire report from SmartAsset

You can read Blacktower’s full analysis here.

» One of America’s best places to retire is right here in Georgia

» Four Gwinnett cities rank high as best places to retire in state

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