: ‘Is this heaven?’ No, but it’s the best place to retire.

by | Jul 31, 2023 | Stock Market

The movie “Field of Dreams” famously asked if Iowa was heaven. While it may not be heaven, it’s now seen as the best state to retire in, according to a BankRate study. Bumping Florida out of the top spot, Iowa ranked well in areas such as affordability, crime levels, and quality and cost of healthcare. 

“Don’t rule out unlikely places for retirement,” said BankRate analyst Alex Gailey. “The economy has changed so drastically and inflation has had long-term effects. More than half of working Americans feel behind on their retirement. Affordability is really important, especially for those on a fixed income.” Iowa, which ranked 14th last year, also showed strong rankings this year in terms of cost of living, state health system performance, cost of healthcare per capita by state, adults 65 and older per capita, and combined state and local sales tax, BankRate said. Rounding out the top five, the other best places to retire included Delaware, West Virginia, Missouri and Mississippi. “People may be surprised not to see Florida, Georgia and Arizona in the top spots. But the states that were once popular for retirement have seen their cost of living rise so drastically. The housing market is so competitive in those states that it’s …

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