When contemplating retirement destinations, states like Florida and Arizona often come to mind, but Wyoming deserves consideration as well due to its unique offerings, Aol reports.
One of Wyoming’s standout features is its stunning natural landscapes, including the renowned Grand Teton National Park. Outdoor enthusiasts can engage in a variety of activities such as hiking, biking, hunting, fishing, and skiing. Additionally, Wyoming boasts a low crime rate, making it an attractive option for those seeking safety in their retirement.
According to Bankrate.com, Wyoming ranks as the 10th-best state for retirement, particularly excelling in affordability while receiving lower marks for its weather. The state’s winters can be severe, characterized by heavy snowfall and frigid temperatures. As per the World Population Review, Wyoming’s overall cost of living is approximately 93% of the national average, with housing costs being notably low. The average home price in the state is around $348,066, which is close to the national average, although cheaper housing options are available in various locations. Furthermore, the average annual car insurance premium in Wyoming is $2,393, which is about $624 below the national average.
From a tax perspective, Wyoming is favorable for retirees, as it does not impose a state income tax or estate tax. Health care, a significant consideration for retirees, ranks Wyoming 29th among states for elderly healthcare, according to MedicareGuide.com. While it scores adequately, it may not stand out compared to other states.
Potential residents should also consider that Wyoming has a lower population density, which may not appeal to those who prefer the vibrancy of urban life. The state is primarily rural, with some small cities, and lacks the cultural amenities such as museums, theaters, and art galleries found in larger states.
