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Human Resources & Payroll

Ranking the Best States for Retired Veterans

With the average military retirement age being 44 years old, the personal finance social network WalletHub conducted an in-depth analysis of 2015’s Best & Worst States for Military Retirees.

May is Military Appreciation Month and Memorial Day is less than a week away. With the average military retirement age being 44 years old, the personal finance social network WalletHub conducted an in-depth analysis of 2015’s Best & Worst States for Military Retirees. 

The WalletHub report analyzed the 50 states and the District of Columbia across 20 key metrics — ranging from job opportunities for veterans to the number of VA health facilities — that speak collectively to the economic environment, health care services and overall quality of life in each area. 

Here are the top, and bottom, states:

 

Best States for Military Retirees

 

Worst States for Military Retirees

 

1

Wyoming

 

42

Oregon

 

2

Montana

 

43

Illinois

 

3

South Dakota

 

44

Connecticut

 

4

Maine

 

45

Nevada

 

5

Florida

 

46

New Jersey

 

6

Alaska

 

47

New York

 

7

New Hampshire

 

48

Utah

 

8

North Dakota

 

49

District of Columbia

 

9

Oklahoma

 

50

Rhode Island

 

10

South Carolina

 

51

Indiana

Key Stats

  • The number of veterans per 100 inhabitants is two times higher in Alaska than in New York.
     
  • The number of homeless veterans per 10,000 veterans is 17 times higher in the District of Columbia than in Virginia.
     
  • The number of VA health facilities per number of veterans is eight times higher in New York than in Rhode Island.
     
  • The number of VA benefits administration facilities per number of veterans is 24 times higher in Alaska than in Michigan.
     
  • The percentage of the population aged 40 and older is two times higher in Maine than in Utah.
     
  • The number of veteran-owned businesses per 1,000 inhabitants is two times higher in Montana than in Utah.

The full report and all ratings is at http://wallethub.com/edu/best-states-for-military-retirees/3915.