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.
Too much bullshit to get to the meat of the story
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.
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.