Though it just missed being in the top 10, Colorado remains one of the best states in the nation for early retirement.

According to Smart Asset, Colorado ranks #11 in the country on the list of best states for early retirement.

Several factors were taken into consideration to determine the rankings including state and local tax rates, sales tax rates, property tax rates, and living costs such as housing and health insurance.

While Colorado claimed one of the highest annual housing costs in the country, the average property tax rate and annual health insurance costs were among the lowest nationwide.

If you were to consider having great early retirement activities in the analysis, Colorado would surely score high with hiking, biking, fishing and camping, skiing, and golf opportunities being plenteous.

The worst states for early retirement were North Carolina, California, New Jersey, and Connecticut. The best states included Colorado neighbors New Mexico, Wyoming, and nearby South Dakota, all of which finished in the top 10.