1.  Wyoming

best retire states wyoming

Looking for a cheaper place to retire? Try Wyoming.

It's the best state to retire in this year, according to Bankrate. The report looked at six factors: cost of living, taxes, quality of health care, weather, crime, and residents' happiness and well being.

Related: 4 reasons this is the year to buy a home

Florida, often thought of as a retirement hotspot, is ranked 28th because of a high crime rate and below-average health care. The worst place to retire is New York, mostly because of the cost.

First published March 1, 2016: 6:44 AM ET
Source: Bankrate ranked all 50 states. Cost of living data was provided by the Council for Community and Economic Research. Crime statistics include property and violent crimes reported by police departments to the FBI. Health care quality scores come from the federal Agency for Healthcare Research and Quality. The National Oceanic and Atmospheric Administration provided weather data on temperature, humidity and sunshine. General well-being scores were based on an annual Gallup-Healthways survey that surveys residents' general happiness.

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