Louisiana ranked 7th worst state to retire
A new report from the personal finance website WalletHub ranks Louisiana as the seventh worst state to retire. The report compared states based on more than 40 metrics ranging from adjusted cost of living to weather to quality of public hospitals. WalletHub analyst Jill Gonzales said Louisiana ranked 41s for its Quality of Life for Retirees.
"When it comes to Quality of Life, Louisiana has the second highest percentage of senior citizens living below the poverty level at 13 percent and the third highest elderly food insecurity rate," said Gonzales.
Louisiana ranked 48th for the percentage of the population aged 65 and older who are still working. We came in at number 44 for the percentage of the population that is 65 or older. The Bayou State also ranked near the bottom for healthcare at number 46.
"In terms of Health Care, the state has the second lowest number of dentists at almost 19 per capita. It also has the 5th lowest percentage of senior citizens in good or better health at just 67 percent, and the 4th highest percentage of adults 65 and older with poor mental health at 10 percent," said Gonzales.
The report ranked Louisiana 47th for the rate of property crime. The state came in at number 48 for life expectancy. Gonzales said the low life expectancy is due in part to poor health-related issues.
"Based on other health-related issues we examined, obesity is a certain factor - Louisiana has the second highest percentage of obese adults aged 65 and older at 35 percent," said Gonzales.
But it's not all bad news in Louisiana. Gonzales said there was one area that the state did perform well in, earning a middle of the road ranking of 16.
"Louisiana has a fairly low cost of living, as well as the lowest annual cost of in-home services at $34,320," said Gonzales.
Louisiana ranked 19th for the WalletHub "taxpayer" ranking. Gonzales said there are things that can be done in the state to raise our ranking on future reports.
"Louisiana should start focusing on its older residents' health by implementing programs that would bring awareness regarding obesity and programs that would help its residents lead a healthier life," said Gonzales.
For more info, view the full report at https://wallethub.com/edu/best-and-worst-states-to-retire/18592/.
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