4. Idaho
No. 4 on our list of the toughest states for retirees is Idaho. You may have heard that the state is an affordable place to retire thanks to its low taxes, but don’t get too excited.
The current housing market makes Idaho an expensive place to relocate, especially if you’re on a tight budget. According to personal finance experts, four of the 15 most overvalued housing markets are in Idaho.
To give you an idea, houses are overpriced by about 73% in Broise, 55% in Coeur d’Alene, and 49% in Pocatello and Idaho Falls, making Idaho one of the toughest states for retirees. Patrick Malone, president of Idaho Realtors, says that “there are no affordable houses in this state.”
So, unless you can swing outrageous home prices, you may want to look elsewhere.
