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Granite State Ranked 7th Best for Veterans to Retire

Many veterans aren't ready to retire just yet, but a new survey ranks New Hampshire in the top 10 states for veterans to retire. (Villalovos/U.S. Navy photo)
Many veterans aren't ready to retire just yet, but a new survey ranks New Hampshire in the top 10 states for veterans to retire. (Villalovos/U.S. Navy photo)
May 27, 2016

CONCORD, N.H. - As the nation takes time to honor veterans on Memorial Day, a new survey ranks New Hampshire as the seventh best state in the nation as a place for veterans to retire.

WalletHub analyst Jill Gonzales said their survey ranks New Hampshire fifth for quality of life and eighth for the state's economic environment.

"So, New Hampshire, of course, does not have a state tax on military pensions, so that goes a long way," she said, "and it has one of the highest percentages of veteran-owned businesses, at around 11 percent."

New Hampshire finished just one ranking back from Maine. Gonzales said both states do well because they are home to an older population so there are plenty of arts, leisure and recreation options.

Many veterans won't be retiring tomorrow, she said, because the average age of an officer is only 47 years old.

"Definitely, the economic environment; you want to make sure that there are some job prospects for veterans," she said, "and finally. if you can be closer to a military base, I think that will help you out -- especially when you're looking at your VA benefits."

According to WalletHub, more than 42 million Americans have served the nation during wartime.

The survey is online at wallethub.com.

Mike Clifford, Public News Service - NH