STUDY: Maryland ranks one of the worst states for retirement

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(PHOTO: Maryland.gov)

WASHINGTON, D.C. – Maryland was ranked as one of the worst states to retire to, according to a new study by Bankrate.

The study has Maryland at number 48 on the ranking of best and worst states for retirement. Using government and expert sources, Bankrate looked at seven factors to determine the overall ranking: cost of living, crime, culture, health care quality, taxes, weather and well-being.

A survey shows that 47 percent of Americans would consider moving when they retire. Contrary to popular belief, some of those coastal, warm beach states may not be the best option.

South Dakota took the number one spot on the list with Utah, Idaho, New Hampshire and Florida following respectively.

Virginia was ranked 13 and D.C. was not included in the study.

You can check out the full list here.

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