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Your email address will not be published.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 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
  • Close-up of a senior's hands reviewing a grocery receipt at a kitchen table with eggs and lemons in a bowl. 10 Most Expensive US Cities for Groceries in 2026
  • A man in a home office looks at a 2027 calendar, representing retirement planning and future Social Security changes. 8 Reasons Your Social Security Payment May Be Different in 2027

Newsletter

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

Related Articles

Biden retire

8 Ways Biden Wants to Change Your Social Security

Biden comes with a four-point plan to strengthen Social Security To solve the well-known dilemma…

Read More →
Social Security changes coming in 2024

2026 Social Security Benefits Increase Brings Biggest Raises in 10 States

Why the 2026 Raise Might Not Feel Like a Pay Bump Even though the COLA…

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 →
social security

Some Retirees Won’t Get Great Social Security Benefits- Here’s 7 Reasons Why

2. Workers who die before age 62 You can start to benefit from Social Security…

Read More →
IRS Audit

8 IRS Audit Red Flags

You’re worried about an IRS Audit?

Read More →
401(k), security check holiday

Social Security Check: 8 Ways to Live a Comfortable Life Off It Alone

#2 Social Security Survivor Benefits: plan ahead for this scenario It’s not a discussion we…

Read More →
A senior couple smiling while looking at a tablet on a sunny patio, representing financial peace.

Best CD Rates and High-Yield Savings Accounts for Seniors in 2027

Discover the highest CD rates today for seniors and the best high-yield savings accounts to…

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 →
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 →
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.