Is Florida the best state for retirement? - FOX 13 News

Is Florida the best state for retirement?

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TAMPA (FOX 13) -

Florida has the beaches and warm inters. There's no doubt the state is a favorite among snow birds.

But is it the best place to retire?

A report released Monday by Bankrate shows that the best places to spend your golden years may not be where you think.

When making the list, Bankrate took many things into consideration. Besides the weather, it included cost of living, taxes, and crime rates as important factors for a good place to live for seniors.

Topping the list was Tennessee. The state has a warm climate and has the second lowest cost of living in the country.  The taxes are low, and there is great access to medical care.

Louisiana was number two for the same reasons. The third state on the list may surprise you. It's South Dakota. It may not be a retirement hot spot, but Bankrate says it should be.  It has the country's lowest crime rate, and an estimated state and local tax burden of just 7.6 percent. That's lower than every state but Alaska.

Kentucky and Mississippi rounded out the top five.

Florida didn't make the top five. It wasn't even listed among the top 10. We have the warm weather and reasonable state and local tax rates, but a relatively high cost of living and crime rate sunk the "Sunshine State" to 19th place on the list.

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