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Hawaii ranked top state for retirement by MoneyRates.com

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Hawaii was rated the best state for retirement in a study done MoneyRates.com, a financial information website.

The study looked at factors influencing the quality of retirement, such as cost of living, property taxes, violent crime rates, property tax rates, climate and life expectancy for seniors.

Rounding out the top five states after Hawaii in order were Idaho, Utah, Arizona and Virginia. The bottom-ranked state was Michigan, followed by Pennsylvania, Alaska, Illinois and Massachusetts.

Hawaii took the top spot overall on the strength of a No. 1 ranking for senior life expectancy and a No. 2 ranking for climate, along with above-average scores in most other categories, according to the study.

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