Louisiana Looks Like An Affordable Place For Retirees

Retirement is a scary thing. Lots of people fear what's to come, including financial stability, healthcare, and community engagement. Louisiana might be a good place for frugal retirees.

• Louisiana is one of the more affordable states for people to retire in
• Louisiana has some quality of life and healthcare issues that retirees may want to consider

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Louisiana is an Affordable State for Retirees

A study of each state has placed states from best to worst for people looking to collect a pension check. The study found each state's overall rank through 3 subcategories, Affordability, Quality of Life, and Healthcare.

Louisiana was ranked 16th best out of all 50 states in the category of affordability.

The affordability rank was calculated by analyzing the cost of living, tax codes, and costs of things like in-home services. Louisiana was the second cheapest state for the cost of in-home services.

Overall Louisiana is Not an Ideal Place to Retire

Even though Louisiana was among the better half of states in affordability, the state lacks good healthcare and quality of life for retirees.

Ranking at 46th for quality of life and 47th for healthcare, Louisiana was overall the 5th worst state for retirees. The study ranked states on quality of life based on things like risk of isolation, crime rates, elder abuse protection laws, air quality, and more.

Louisiana had the 5th highest rate of property crime. Louisiana also was ranked 5th lowest for life expectancy, which weighed down Louisiana's rank in healthcare.