A new report from Bankrate.com has ranked Michigan among the best states to retire. 

Michigan came in as the 14th best place to retire, behind Virginia and ahead of Missouri. 

• Michigan seniors made $8.5M through home sharing, Airbnb reports

The financial website used seven categories to construct their ranking: 

• Cost of living
• Taxes
• Health care quality
• Weather
• Crime
• Cultural vitality
• Well-being

The top five best states to retire are: 

1. South Dakota
2. Utah
3. Idaho
4. New Hampshire
5. Florida

Top five worst states to retire: 

1. Arkansas
2. Louisiana
3. Maryland
4. New Mexico
5. New York