Move over, Florida. According to a new study, Alabama has become one of the best places to retire not only in the south, but the entire country. Per a new study from CreditDonkey, the Yellowhammer State is the second best place to retire in the U.S.

The company ranked the states by factoring in the following:

• Average salary
• Annual utility bills
• Annual medical costs
• Food and beverage expenditure
• Car insurance costs
• House prices and tax rates
• Crime rates
• Population over 65
• Average temperature

Overall, Alabama scored a 62.33 in the study.

Alabama has one of the most affordable property tax rates, the second state with the lowest property tax overall. The average annual tax on a property in Alabama is 0.4%, which suggests the average yearly tax on a property is $1,022.

The state also scored high in the utility category, as the eighth state with the most affordable utility cost overall, with the average annual cost of utilities at $7,082.

Austen Shipley is a staff writer for Yellowhammer News.

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