The 15 most expensive states to live in when you retire

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When deciding where to retire, affordability is crucial.

If you’ve already decided when you want to retire, the next question is where.

While low crime rates, proximity to healthcare, and amenities such as movie theaters and golf courses are important, affordability is crucial.

As part of its recent ranking of the best and worst states to retire in, personal-finance site WalletHub also rated each state’s affordability.

To determine how much it costs to retire in each state, WalletHub considered cost of living, tax rates, tax friendliness on social security and pensions, and the annual costs of in-home services and adult day care. Read a full breakdown of the methodology here.

Below, we’ve highlighted the 15 states that clock in on the most expensive side of the spectrum, with Rhode Island earning the No. 1 spot. Notoriously expensive locales such as Hawaii and New York made a showing in the top 10 as well.

If you’re close to retirement — or getting an early start on your research — read on see the 15 most expensive places to end up.

15. Maine

Affordability rank: 37

Quality of life rank: 7

Healthcare rank: 14

14. Alaska

Affordability rank: 38

Quality of life rank: 50

Healthcare rank: 34

13. Maryland

Affordability rank: 39

Quality of life rank: 21

Healthcare rank: 27

12. Nebraska

Affordability rank: 40

Quality of life rank: 28

Healthcare rank: 8

11. New Jersey

Affordability rank: 41

Quality of life rank: 27

Healthcare rank: 35

10. California

Affordability rank: 42

Quality of life rank: 8

Healthcare rank: 20

9. North Dakota

Affordability rank: 43

Quality of life rank: 42

Healthcare rank: 6

8. Washington, DC

Affordability rank: 44

Quality of life rank: 51

Healthcare rank: 9

7. Minnesota

Affordability rank: 45

Quality of life rank: 2

Healthcare rank: 1

6. New York

Affordability rank: 46

Quality of life rank: 1

Healthcare rank: 30

5. Massachusetts

Affordability rank: 47

Quality of life rank: 3

Healthcare rank: 10

4. Vermont

Affordability rank: 48

Quality of life rank: 10

Healthcare rank: 12

3. Connecticut

Affordability rank: 49

Quality of life rank: 13

Healthcare rank: 15

2. Hawaii

Affordability rank: 50

Quality of life rank: 34

Healthcare rank: 3

1. Rhode Island

Affordability rank: 51

Quality of life rank: 46

Healthcare rank: 29

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