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Study ranked Nevada as second worst state to retire in the country

Posted at 7:10 PM, Feb 28, 2018
and last updated 2018-03-01 08:36:39-05

Nevada may attract many retirees, but according to a new study by MoneyRates.com the Silver State ranked as the second worst place to retire in the country.

According to the study, the main driving factors behind the low rating were an increase in violent crime and few healthcare options.

Financial experts say affluent seniors and snowbirds make up a significant portion of Southern Nevada's population and they spend millions of dollars a year.

"It has the climate, it has the entertainment, it has the casinos, and it has the food," said Michael Dimarchis, a snowbird from Michigan.

On the positive end, Nevada still ranks high for a low cost of living, desirable climate and plenty of entertainment.

Senior living communities across the valley say they aren't seeing seniors shy away from Las Vegas just yet.

"We're actually seeing an increase," said a representative with Destinations Retirement Community.

The worst state to retire in is Alaska.