Friday, July 13, 2018

Retiring in New Jersey

New Jersey is towards the bottom of the pack among the best states to retire in, according to the latest survey from Bankrate.com. Our state ranked 32nd, right in between Pennsylvania and West Virginia.

What's wrong with retiring in New Jersey? On the bright side, the Garden State rates very well on crime (tied for 4th best), health care quality (10th), and culture (11th). It's middle of the pack on weather (24th) and well-being (28th).

But what kills us is that it's expensive to live here. New Jersey ranks 42nd among all the states in cost of living, and dead last in taxes. Bankrate says South Dakota is the best state for retirement, and New York the worst.

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