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Your email address will not be published.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

  • Retirees Are Watching This $2,000 Proposal Closely
  • A clean, horizontal timeline diagram showing key Social Security age milestones from 62 to 70 with rules and earnings limits labeled. 5 Social Security Rules Most Retirees Learn Too Late
  • A retired couple stands near their car at a scenic coastal highway overlook, reviewing a paper road map in the warm evening light. When Could Gas Prices Finally Drop? What Trump's Iran Deal Means for Drivers
  • A retired couple reviews their budget documents together at a sunlit kitchen table in a warm, authentic home setting. Could Your Social Security Check Change Next Year?
  • A conceptual mid-century style illustration of a retiree building a shield from planks labeled with financial strategies against a windy bac 5 Ways to Build Your Own COLA Now If You’re Worried About a Smaller Social Security Raise in 2027
  • An older couple stands in their suburban driveway, thoughtfully looking at their oversized family SUV. The 12 Cars Retirees May Want to Avoid Before Downsizing
  • A senior couple in casual clothes sits at their kitchen table reviewing legal documents and a tablet in warm afternoon light. 7 Surprising Clauses Couples Are Putting Into Their Prenups
  • A grandfather and granddaughter play with building blocks in a sunny living room, symbolizing family support and tax credits. Families Could Get Bigger Tax Credits in 2026 - Here's What the IRS Says
  • A senior woman in a navy cardigan sits at a sunny kitchen table looking at financial documents on a tablet next to a stack of mail. 7 Most Overlooked Government Benefits for Seniors
  • A sophisticated mixed media collage featuring the number 7 and the year 2026 surrounded by Medicare and financial planning symbols. 7 NEW Government Benefits for Seniors in 2026

Newsletter

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

Related Articles

Retirees Are Watching This $2,000 Proposal Closely

This chart illustrates how earning over $24,480 in 2025 impacts your Social Security benefits. Clarifying…

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 →
health

Health Care Costs and the 6 Painful Effects on Retirees

Are you ready to plan your health care costs?

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 →
safe deposit box

10 Things That Belong in a Safe Deposit Box

Birth, Marriage, Divorce, and Death Certificate Another important thing you should consider putting in a…

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 mature couple sits together in a bright, modern living room looking at a tablet, planning their retirement strategy.

Social Security Claiming Strategies: When to Take It at 62, 67, or 70

Discover the exact financial impact of claiming Social Security at ages 62, 67, and 70,…

Read More →
veteran

How to Find The Perfect Side Gig as a Veteran

Being a veteran is not always easy, especially when it’s time for retirement and you…

Read More →
recession

9 Smart Ways to Recession-Proof Your Retirement

A confident senior man monitors market trends on his tablet, taking proactive steps to secure…

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.