Your golden years are your best years! Make them shine!

  • Home
  • Personal Finance
  • Retirement Life
  • Saving & Spending

6 Best and Worst States for Middle-Class Retirees

February 16, 2023 · Personal Finance
middle-class
photo by IM_photo from Shutterstock

2. New York

Another state that stands pretty high on the list among the worst for middle-class families is New York. In addition to the income taxes Yonkers and New York City levy, commuters who work in or near New York City must pay a commuter tax. As a result, for residents of such regions of the state, their total state and local income tax burden is higher. You could be familiar with the scenario and the truth that things start to get worse when you include sales taxes if you know individuals or if you live here. The tenth-highest state in the union is New York!

If these facts aren’t enough to convince you that New York is one of the most expensive states to live in, consider this: the median home list price is $281,025 in New York. With an average property tax of $4,860 for a $300,000 home in New York, this state has the sixth-highest property taxes nationwide. Yet, homeowners can spend more than twice that amount in some expensive regions of the state, such as Westchester County.

Pages: 1 2 3 4 5 6 7

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

1 comment on “6 Best and Worst States for Middle-Class Retirees”

  1. George Michie says:
    March 29, 2023 at 4:17 pm

    Cost of housing, taxers, etc. are all well and good. It is not, however, going to favor you to live in a state like Tennessee, which has more guns than any other state. Live in fear in your low rent house. No thanks.

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

Search

Latest Posts

  • A retired couple walking in a coastal park at sunset. 12 US Cities Where You Can Retire for $2K a Month and Enjoy All 4 Seasons
  • Tax Cut state New $6,000 Senior Tax Deduction: How Much You Could Save in 2025–2028
  • Tax Refund New Court Ruling Could Mean IRS Refunds for Pandemic Tax Penalties (2020–2023)
  • A contemplative retiree sitting on a porch during sunrise, reflecting on his new life stage. Mental Health in Retirement: Why Depression Spikes After Leaving Work (and How to Fight It)
  • A happy senior couple enjoying the view from their new modern apartment balcony at sunset. How to Downsize Smartly: Selling the Family Home and What to Do With the Money
  • A healthy senior couple walking outdoors on a sunny day, representing vitality and retirement wellness. GLP-1 Weight Loss Drugs (Ozempic, Wegovy) for Seniors: Benefits and Risks
  • An active senior couple walking through a modern, sunlit retirement community clubhouse. Best Senior Living Communities in America: What to Look For in 2027
  • A senior couple looking at a tablet in a bright living room, symbolizing retirement planning clarity. The SECURE Act 2.0 Explained: How New Retirement Rules Affect Seniors
  • An active senior woman wearing a stylish smartwatch in a sunny garden. Best Wearable Health Devices for Seniors: Beyond the Apple Watch
  • A senior woman looking calmly at her smartphone in a bright, modern living room. How Seniors Can Protect Themselves From the Latest AI-Powered Scams

Newsletter

Get retirement tips and senior living advice delivered to your inbox.

Related Articles

taxes

Are Trump’s $2,000 Stimulus Payments Coming in 2026?

What Are “Tariff Dividend” Checks? The proposal centers on tariffs — taxes placed on imported…

Read More →
Tax Refund

7 Ways to Maximize Your Tax Refund in 2023

#2 Verify the Minimum Distributions That Must Be Taken From Your Retirement Accounts According to…

Read More →
job

10 Great Part-Time Jobs For Retirees

2. Substitute Teacher Substitute teachers can fill in for full-time teachers when they are not…

Read More →
Social Security changes coming in 2024

6 Social Security Changes Coming Next Year

3. Spousal benefits and disability benefits will increase And here we are, at number 3…

Read More →
working in retirement, tax change

The ONLY Unexpected Tax Change Seniors Will Face in 2025

A senior man thoughtfully reviews financial paperwork in his library, preparing for the significant tax…

Read More →
A senior couple smiling while looking at a tablet on a sunlit porch.

9 States That Still Tax Social Security – and One Dropping the Tax in 2026

Discover the 9 states that still tax Social Security benefits in 2026 and the one…

Read More →
save money on healthcare

Could You Qualify For the New $25,000 Health Care Tax Deduction Coming in 2026?

Why Hawley Says the Proposal Is Necessary In announcing the legislation, Hawley pointed to the…

Read More →
Social Security changes coming in 2024

IRS to Stop Mailing Checks: What Every American Needs to Do Before It’s Too Late

How Most Taxpayers Already Receive Refunds Many Americans have already made the switch. According to…

Read More →
Tax Refund

New Court Ruling Could Mean IRS Refunds for Pandemic Tax Penalties (2020–2023)

What the Court Case Means The court ruled that pandemic-related deadline extensions may have lasted…

Read More →
Retired in USA

Your golden years are your best years! Make them shine!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Terms and Conditions
  • Privacy Policy
  • Do not sell my personal information
  • Subscribe
  • Unsubscribe
  • Contact
  • CA Privacy Policy
  • Request to Know
  • Request to Delete

Categories

  • Enjoying Retirement
  • Personal Finance
  • Saving & Spending

© 2026 Retired in USA. All rights reserved.