Retirement in Pennsylvania: Ranked 10th Best State Nationwide

In the quest for the perfect retirement destination, Pennsylvania emerges as a notable contender, securing the 10th spot in WalletHub's 2024 ranking of the best and worst states for retirees. This comprehensive study evaluates each state across three critical aspects: affordability, quality of life, and healthcare.

Affordability

Pennsylvania ranks 35th in terms of affordability for retirees, according to WalletHub’s analysis. This assessment encompasses various economic factors, including the adjusted cost of living and tax policies favorable to retirees. The state's general tax-friendliness and specific benefits for retired taxpayers contribute to its overall score in this category, which accounts for 40 points of the total evaluation.

Quality of Life

More impressively, Pennsylvania shines in the quality of life category, where it ranks second nationally. This metric, worth 30 points, includes factors such as the percentage of the population aged 65 and older, the risk of social isolation, and access to public transportation. Additionally, Pennsylvania’s mild weather conditions enhance the living experience for retirees, making it an attractive state for those seeking comfort and community during their golden years.

Healthcare

Healthcare is another critical factor for retirees, and here Pennsylvania also performs well, ranking eighth. This category considers the availability of family medicine physicians and home health aides per capita, as well as the presence of top-rated geriatric hospitals. Such comprehensive healthcare services ensure that retirees have access to excellent medical care as they age.

Overall Living Experience

With an overall score of 56.28 out of 100, Pennsylvania offers a balanced environment for retirees. The state’s robust healthcare facilities and exceptional quality of life are significant attractions, despite its middle-range affordability score.

Local Highlights

Interestingly, according to U.S. News, the top five best places to retire within the United States last year were all located in Pennsylvania, underscoring the state's appeal to retirees seeking a vibrant, supportive community. These locales offer a variety of amenities, cultural events, and natural beauty that are appealing to the older demographic.

Comparison with Other States

For context, the top five states for retirees in this year’s WalletHub list are Florida, Colorado, Virginia, Delaware, and Wyoming, each offering their unique blend of benefits for retirees.

Pennsylvania’s excellent healthcare and quality of life make it a strong choice for retirement, supported by a solid foundation of affordability and community resources. This makes it a prime destination for those looking to enjoy their retirement years in comfort and community.

Ready to explore retirement options in Pennsylvania? Contact the Shaina McAndrews Team today and schedule a quick call to discuss your plans!