Many military retirees face significant challenges such as Posttraumatic Stress Disorder (PTSD), disabilities, and even homelessness. These issues can make the transition to civilian life even more difficult.
When considering where to retire after a dedicated military career, it’s crucial to find a state that supports the unique needs of veterans. WalletHub, a personal finance website, conducted a comprehensive analysis comparing all 50 states and the District of Columbia to identify the best places for a comfortable military retirement.
Best and Worst States for Military Retirement
When veterans choose a state to call home, they need to weigh several important factors. These include:
- State tax policies on military benefits
- The friendliness of the job market
- Other socioeconomic aspects
By evaluating a dataset of 28 key metrics—including veterans per capita, state tax on military pensions, and job opportunities for veterans—the study aims to address the challenges faced by the nation’s military community.
According to the analysis, New York ranked 37th, while New Jersey ranked 38th among the best states for military retirees. This ranking indicates that there might be better options for veterans seeking optimal retirement conditions.
Top Ten States for Military Retirees
If you’re looking for the best states to retire after your military service, here are the top ten:
- South Carolina
- Florida
- Virginia
- Maryland
- North Dakota
- Minnesota
- Alaska
- Connecticut
- New Hampshire
- South Dakota
Ten Worst States for Military Retirees
While it’s useful to know the best states, it’s equally important to be aware of those that may not offer the same level of support or benefits. Here are the ten worst states for military retirees:
Choosing the right state for your military retirement can significantly impact your quality of life. Consider the factors that are most important to you and explore the options that best meet your needs.
