WalletHub has just released its annual list of the worst states to retire in, and New Jersey is, unfortunately, ranked sixth from the bottom, at No. 46 out of 50 states and the District of Columbia. On the bright side, that puts us one slot ahead of Hawaii.
What's wrong with retiring in the Garden State? The biggest problem is that it's too expensive: The survey put New Jersey 41st in affordability. It also ranked just 35th in quality of health care, although the overall quality of life rank was in the middle of the pack.
The absolute worst state to retire in? Rhode Island, which also finished dead last in affordability. In terms of quality of life, Washington, D.C., brings up the rear.
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