Oregon one of the worst states for retirement, WalletHub says.

PORTLAND, Ore. (KOIN) — Oregon is the 39th worst U.S. state for retirement, according to a new WalletHub study.

The 11 states that ranked worse for retirees are Indiana, Hawaii, Arkansas, West Virginia, Rhode Island, New Jersey, New Mexico, Washington, Mississippi, Louisiana and Kentucky, the personal finance website said.

WalletHub determined its rankings by comparing metrics like affordability, quality of life and health care. WalletHub Analyst Chip Lupo said that taxes and cost of living are among the biggest impacts on retirees. In the affordability category, Oregon ranked 42nd. Oregon also ranked 32nd in quality of life and 26th in health care.

“Retirement is supposed to be relaxing, but it can also be incredibly stressful given that it typically puts people on a fixed income, which may not be enough for them to live comfortably,” Lupo said. “As a result, the best states for retirees are those that have low taxes and a low cost of living to help retirees’ budgets stretch as far as possible. Having access to excellent medical care and homemaking services is also crucial, especially for people who don’t plan to retire in close proximity to their families.”

According to WalletHub, the top ranking states for retirement include Florida, Minnesota, Colorado, Wyoming and South Dakota.

“There’s a reason Florida is known as a retirement paradise – it ranks as the best state to retire due to its relatively low taxes for retired people, including no estate, inheritance or income taxes,” WalletHub said. “Plus, Florida receives more funding per senior from the Older Americans Act than all but two other states. This funds things like transportation, homemaker assistance and nutrition programs for seniors.”

WalletHub’s top 10 state for retirement: