4. New Jersey
Even though this is one of the states with a higher cost of living, senior citizens say that they feel financially secure in New Jersey. And that’s why we dare to admit that it has already passed beyond Florida becoming one of the most popular retirement places in America. The average household in retirement has an annual income of $53,637, which is significantly higher than the comparable $44,992 national median.
Furthermore, compared to the national poverty rate for Americans 65 and older, which is 9.4%, just 8% of those living in New Jersey who are older than that age live in poverty. If you want to spend your golden years happy and financially stable, moving to New Jersey might be a good idea to take into consideration!
NJ is the most expensive state. Highest property tax, income tax, insurance and college tuition. Many people leave because there pension does not go far there. The reason many move to states without state income tax and or sales tax.. And you have to pay school tax even if you never had kids or don’t have kids in school anymore. No other state has higher taxes than NJ. Oh and NJ as well as California has an exit tax. What that means is if you move out of the state they tax you for doing so.
This is the worst list I’ve ever seen. Why would Washington DC be on it? The crime statistics are crazy, no one would want to live there, not to mention the cost of living. Why a?isn’t Texas mentioned where seniors can enjoy the quality of life that being outdoors brings.
,,,well…an interesting article, I like the states of Colorado. South Dakota, even D.C. …LOL…first of all I’m from Nebraska, so I’m familiar with the Midwest lifestyle…but I dunno about moving back because of tornados, extreme winters…plus a little boredom. I am now in Nevada ( Las Vegas) for 25+ years. I love it. It may not be at the top of many lists, but after coming here from California after 30 years there, it simply can’t be matched. I can and have access to International airports, recreation within 500 miles , shopping, arts, sports and entertaiment . This is a good list, just not my choices for now. And yes; retirement income is a great factor. Part time work for seniors that want it is readily available. Bottom line in all cases is to choice .
You people are nuts. You make it so hard to read this article, because of the dozens of ads in the way I gave up looking after “let’s get started”. I could get no further after 4 attempts. Anything to sell other crap I guess!
The combination of cold climate areas and high taxes makes your list makes me think you meant the worst states to retire. No thanks, I’ll stay south of the Mason-Dixon Line.