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Your email address will not be published.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.

Recent Posts

  • medicare
    Medicare Costs Are Rising in 2026 — Here’s What to Expect
  • save money on healthcare
    Could You Qualify For the New $25,000 Health Care Tax Deduction Coming in 2026?
  • Medicare open enrollment
    Missed the Medicare Deadline? Your Options Aren’t Over Yet
  • stimulus check
    Trump Promises $2,000 Tariff Checks: Could You Qualify?
  • social security changes
    5 Social Security Changes Coming In 2026
  • SNAP
    7 Hidden Benefits of SNAP You’re Missing Out On

Related Articles

housing withdrawing money from your retirement account

The Housing Market Crash of 2025: Experts Verdict

Considering that interest rates are still quite high and the inventory is still quite low,…

Read More →

Yes, You Can Earn Extra Cash in Retirement With These 10 Gigs!

2. Content Writer Believe it or not, there are a lot of retirees that are…

Read More →
Medicare open enrollment

Missed the Medicare Deadline? Your Options Aren’t Over Yet

Understanding the Special Enrollment Period (SEP) A Special Enrollment Period is essentially a second chance…

Read More →
retirement state

Overwhelmed by Retirement? 7 Ways to Overcome All Challenges

3. High healthcare costs Another thing that doesn’t come free in retirement is definitely health…

Read More →
mistakes

7 Social Security Mistakes That Could Cost You a Fortune

Claiming benefits while still working In case you decide to claim your Social Security before…

Read More →
401k Loan

401k Loans: Are They REALLY Worth It?

Benefit: Convenience And Speed In most 401k plans, requesting a loan is easy and fast…

Read More →
Tax Cut state

Tax Cuts in 2023: 6 Surprising Ways It Affects Retirees

Social Security benefits get a historic COLA While Social Security won’t generally be enough for…

Read More →
financial stability in retirement

6 Finance Tips to NEVER Ask Your Kids for Money Again

Most of us strive to achieve financial stability in retirement, but this is not always…

Read More →
spousal

How Can You Increase Social Security with Spousal Benefits?

How much you should expect for spousal Social Security benefits Your spousal benefit will turn…

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

Explore

  • 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

© 2025 Retired in USA. All rights reserved.