8. New York
The Empire State is also among the list of the toughest states for retirees. Now, if you have deep pockets, New York can be a great place to retire. However, if you don’t, it’s going to be a financially tough to swing.
While seniors living here can qualify for some tax breaks, experts say sales and property taxes are burdensome. For example, the state’s combined sales taxes can reach 8.2%.
And if your mobility or health become an issue one day, you’ll need to have enough saved up to cover expensive nursing home costs. According to New York’s Department of Financial Services, nursing homes can cost anywhere from$96,000 to $142,000 per year, depending on where you live.
New York no longer sounds like a good retirement spot, does it?
If you liked our article on the toughest states for retirees, you may also want to read 8 Best Senior Communities in the US.
3 thoughts on “8 Toughest States for Retirees”
Retire in Sochi, Russia. It has nice weather and friendly people. Your dollar might go a long way. The Russian healthcare system is shaky, but you’ll find a nice little expat community to hang around with. There’s plenty of Vodka and red caviar to enjoy.
We were driving packed and barely moving Southern California freeways yesterday.
My wife commented that for a state that people supposedly can’t afford to live in, why is it so darn crowded everywhere you go? Roads, shopping, restaurants, gas stations, doctor offices, beaches, sporting events ,you name it, it is packed witht the people who supposedly can’t afford to live here!
Seems to us that people are affording to live in California just fine and with abundance.
Too much bullshit to get to the meat of the story