Connecticut ranked 9th worst state for retirement

Connecticut is the ninth worst state for retirement, according to consumer financial services company Bankrate's 2016 Best and Worst States to Retire list.

To determine each state's overall retirement ranking, Bankrate ranked all 50 states in six categories:

  • Cost of living.

  • Taxes.

  • Violent and property crime.

  • Well-being.

  • Health care.

  • Weather (temperature, percentage of sunshine, and humidity).

Bankrate’s findings show that top-ranked states have high well-being scores and offer modest costs of living and below-average crime rates.

Although Connecticut has the sixth best crime rate, 14th best weather, 17th best community well-being and 25th best healthcare, according to Bankrate, the Nutmeg State has the fifth highest cost of living and second highest tax rate in the nation.

Bankrate ranked Wyoming, which has the third lowest tax burden in the nation, as the best state for retirement in 2016. New York was ranked the worst state for retirement due to high taxes and high cost of living.

Click here to view Bankrate’s 2016 Best and Worst States to Retire list.