Florida has secured its reputation as a retirement haven, topping WalletHub's list of best states to retire in 2024.

The personal finance website said it ranked the 50 states based on 46 key metrics, including affordability, health-related factors, and overall quality of life.

There’s a reason Florida is known as a retirement paradise—it ranks as the best state for retirees due to its relatively low taxes, including no estate, inheritance, or income taxes. Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.

WalletHub released its 2025 study for the best and worst states to retire, with Florida in the top spot. Here's why state is best for retirees

When someone chooses where to retire, a number of things can impact the decision. WalletHub considered a number of factors in its recent study on best and worst states to retire. WalletHub compared each state across 46 metrics including tax rates,