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Making It in San Diego: California among worst states for retirement, report claims

Posted: 4:18 PM, Jul 10, 2019
Updated: 2019-07-11 14:18:55-04
General view of downtown San Diego

SAN DIEGO (KGTV) -- California is among the worst states to retire in, according to a new report.

The report, conducted by Bankrate.com , puts California in the 43rd overall position on the list of best and worst states to retire.

To create the list, the site looked at a number of factors important to retirees, including the cost of living and the weather.

RELATED: Cost of living study: San Diegans likely paying at least $2,600 a month

While California ranked 13th for weather, the Golden State also placed second to last when it comes to affordability.

California also ranked 34th for crime and 17th for culture.

Check out the list below of best and worst states to retire in, according to Bankrate:

Best states:

  • Nebraska
  • Iowa
  • Missouri
  • South Dakota
  • Florida

RELATED: Steep drop in housing affordability in the county

Worst states:

  • Washington
  • Illinois
  • Alaska
  • New York
  • Maryland

If you're considering where to retire, the American Association of Retired Persons (AARP) has a calculator to help you budget.

California also launched in July a state-sponsored retirement program for companies that don't have a plan for employees.

In our 10News coverage of Making It in San Diego, we also explored housing options, including a woman who built a granny flat on her property to finance her retirement and a Golden Hill retiree who's renting out rooms in her home to supplement her income.

For anyone who has not started retirement planning, the San Diego Financial Literacy Center can help.