For the second year in a row, West Virginia is the most affordable state for retirement in the U.S., according to financial services company Bankrate's best and worst states for retirement report, which published last month.
The state's affordability ranking comes from "a low cost of living, low property taxes and affordable homeowners insurance," the report said.
West Virginia is followed by Mississippi and Indiana, rounding out the top three.
Here are the 10 most affordable states in the U.S. for retirement, according to Bankrate:The report's data came from a variety of sources, including the Tax Foundation and the Council for Community and Economic Research.
1 most affordable stateOn average, West Virginia's cost of living is 9% lower than the rest of the country, according to RentCafe.
Persons:
MoneyGeek
Organizations:
Tax Foundation, Council for Community, Economic Research, Social Security, West
Locations:
lounging, West Virginia, U.S, Mississippi, Indiana