Retirement by the Numbers: Why Florida Tops the List and New Mexico Falls Short in 2025

For millions of Americans nearing retirement, choosing the right state to spend their golden years is more than a personal preference, it’s a financial strategy and lifestyle decision. In a comprehensive 2025 report commissioned by Marietta-based law firm Jones & Swanson, states were evaluated and ranked based on critical factors such as housing affordability, healthcare quality, crime rates, tax burdens, weather, overall cost of living, and quality of life.

Florida Takes the Lead for Retiree Living

Topping the list of best states to retire in is Florida, long favored for its sun-soaked beaches and tax-friendly policies. The state ranked first due to its low taxes, ample healthcare resources, and retirement-centered communities that promote active lifestyles. With an above-average quality-of-life score and access to recreation and medical care, Florida continues to deliver on its retirement promise, not just in weather, but in well-being.

Following Florida’s Footsteps: Nebraska, Maryland, Minnesota, and Wisconsin

Nebraska, often overlooked in retirement discussions, secured the second-best spot thanks to its balanced affordability and strong healthcare infrastructure. Jones & Swanson’s study highlighted that Nebraska offers retirees a grounded lifestyle with modern services and relatively low crime.

In third place is Maryland, combining excellent healthcare access with a high quality-of-life score. Its urban-suburban blend appeals to retirees seeking variety, cultural access, and recreational opportunities. Fourth-ranked Minnesota compensates for its frigid winters with one of the nation’s top healthcare systems and low crime rates, making it a strong contender for retirees prioritizing safety and long-term wellness. Rounding out the top five, Wisconsin stands out for its affordable housing, healthcare access, and scenic appeal.

The Bottom of the Rankings: New Mexico, California, New York, Arkansas, and Nevada

On the flip side, New Mexico ranks worst for retirement in 2025, facing steep challenges in healthcare access and safety. With the highest crime rate in the nation and the second-lowest quality-of-life score, retirees may face increased risks and limited support.

California came in second-to-last, burdened by soaring housing costs, a high tax rate, and overall expense levels that can strain even well-planned retirements. In 2025, median home prices remain over $700,000 in the Golden State, making it difficult for seniors to downsize or maintain independence.

New York ranked third-worst, bears the nation’s heaviest tax burden. Its urban centers may promise cultural attractions, but affordability and healthcare access outside major cities remain concerns. Arkansas and Nevada complete the bottom five, cited for crime, weak healthcare rankings, and limited support services for older adults.

Digging into the Data: Key Retirement Metrics

The Jones & Swanson study evaluated seven major categories to paint a full picture of retiree readiness across the U.S.:

• Housing Affordability: Iowa and Louisiana scored highest, offering affordable housing markets with median prices well below national averages. Meanwhile, California and Hawaii ranked worst due to extreme property costs.

• Healthcare Access and Quality: Rhode Island and Hawaii led in medical infrastructure, while Mississippi and Alabama fell behind with limited access and lower outcomes.

• Crime and Safety: Maine and Vermont emerged as the safest states, offering low crime rates and strong community trust. At the other end, New Mexico and Louisiana posted the highest crime figures.

• Tax Burdens: Wyoming and South Dakota benefited retirees with favorable tax policies, especially around retirement income. In contrast, New York and New Jersey presented steep financial constraints.

• Weather: Florida and Arizona attracted retirees with mild winters and consistent sunshine, while Alaska and North Dakota struggled with isolating winter conditions.

• Cost of Living: Mississippi and Arkansas offered low overall expenses. Hawaii and Massachusetts, by comparison, had elevated prices across all categories.

• Quality of Life: Massachusetts and Florida scored highest by offering vibrant communities, recreational opportunities, and senior services. Louisiana and Mississippi received low marks for weak infrastructure and limited community support.

A Decision with Real Impact

While climate and scenery remain personal draws, Jones & Swanson’s report emphasizes that practical factors like safety, healthcare, and affordability are crucial for long-term happiness. No single state offers perfection, but retirees who align their needs with data-backed evaluations stand to gain the most.

With detailed research and rankings, Jones & Swanson’s 2025 Retirement Report serves as a valuable resource for anyone planning their next chapter. Whether retirees crave beachside living or low-cost simplicity, understanding where states stand empowers smarter, safer decisions.