Is Minnesota a Good Place to Retire?

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The Shores of Lake Phalen

Minnesota is a great place to live, work and play. But is Minnesota a good place to retire? Let us tell you why the North Star State is a beautiful home for seniors who want to make the most of their golden years.

Is Minnesota a Good Place to Retire?

When a senior decides where they’re going to retire, there are many factors they need to consider. It’s essential to find a place that’s supportive of a retiree’s lifestyle. Practical needs should also be balanced with what makes retirement a joy. Minnesota is a great place to live, but is Minnesota a great place to retire? According to the experts, there’s a lot for retirees to love about living in our favorite state.

How Does Minnesota Compare to Other States?

When determining what states are the most supportive for retirees, there are a lot of different factors to consider. Retirement experts agree that three specific criteria can make a big difference in your retirement experience:

  • Affordability is key. Savvy seniors know that stretching a dollar is the key to a sustainable retirement, and moving somewhere with a low cost of living can help.
  • Quality of life is also crucial. This metric includes fun activities and events for seniors, access to resources like shopping and public transportation, and environmental aspects like weather and crime rates.
  • Access to health care is the final important metric. Because seniors usually have some health concerns related to aging, it’s essential to ensure they live where access to medical care is simple and sustainable.

Minnesota comes out near the top of the list when you compare states to each other based on these criteria. In fact, according to a recent study on retirement, Minnesota was ranked the 8th best place to retire in the United States. Minnesota has a reasonable cost of living, a robust health system that seniors can rely on, and many different attractions and amenities that make it an excellent place for seniors to live.

Minnesota’s Cost of Living Is Reasonable for Retirees

If you’re looking for an affordable place to retire, Minnesota can give you a lot for your money. Living costs like grocery and housing are consistently cheaper in Minnesota than in other states, and even urban areas like Minneapolis are surprisingly affordable.

Senior Health Care in Minnesota Is Number One

Minnesota is consistently recognized as one of the best places in the United States for seniors to seek health care, and WalletHub named it the best overall state for senior health care access in 2023. Healthcare costs are lower than the national average, but the quality of the hospital systems and the overall health outcomes for seniors are still high.

Minnesota Has a Lot to Offer a Retiree

Living in Minnesota might be an excellent way to save money, but what will your quality of life be like? Minnesota boasts all kinds of features that make retirement a joy for seniors. You’ll enjoy breathtaking natural vistas, a rich culture of arts and local festivals, and some of the friendliest communities you’ll ever meet. And while the winter can be a challenge, if you move into a senior living community, the snow and ice won’t be your problem to deal with.


Is Minnesota a good place to retire? If you’re looking for a state that can give you a great quality of life as a retiree, look no further. Why not visit The Shores of Lake Phalen to see it for yourself?

The Shores of Lake Phalen is an assisted living community in a quiet, peaceful environment in Maplewood, Minnesota. We offer numerous health and safety amenities, fun events and activities, a friendly and accommodating staff, and much more. Schedule a tour of the community to explore our spacious apartments, elegant dining room, and more. We look forward to hearing from you!