Here are the best and worst U.S. states for retirement

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Blacktower calculated rankings based on cost of living, crime, property prices, life expectancy, and the percentage of population 60 and over in each state.
Graphic credit: David Foster/Yahoo Finance

Dhara Singh

Yahoo Money

If you’re looking for the best place to retire in the U.S., bundle up.

Most of the top states for retirees aren’t known for warm winters, according to a ranking from Blacktower Financial Management, but perform well based on other key factors, such as crime, cost of living, and life expectancy, among others.

“You can spend a few more months in Florida or other southern states when it’s a little colder,” said Christopher Thornton, country manager at Blacktower in a recent conversation with Yahoo Finance.

“But for the rest of the year, when you’ve got to worry about your expenditure and your budgeting,” he said, “these [other] states are actually more cost-effective to live in.”

The sun reflects on high-rise buildings in downtown Des Moines, Iowa, December 24, 2011. REUTERS/Joshua Lott (UNITED STATES - Tags: CITYSPACE)
The Hawkeye State gets the top spot on Blacktower’s list, with an average home price of $173,561. (Photo: REUTERS/Joshua Lott)

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