WalletHub: New Jersey is 2021’s worst state to retire
NEW JERSEY – New Jersey is 2021’s worst state to retire , according to a study done by WalletHub.
With 26 percent of all nonretired adults having no retirement savings or pension and a quarter of Americans expecting to delay their retirement due to the economic impact of COVID-19, the personal-finance website WalletHub Monday released its report on 2021’s best states to retire.
To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub compared the 50 states across 45 key metrics. Our analysis examines affordability, health-related factors and overall quality of life.
Retiring in New Jersey (1=Best; 25=Avg.):
- 41st – Adjusted Cost of Living
- 33rd – Annual Cost of In-Home Services
- 39th – WalletHub ‘Taxpayer’ Ranking
- 38th – Elderly-Friendly Labor Market
- 28th – % of Population Aged 65 & Older
- 47th – Health-Care Facilities per Capita
- 36th – COVID-19 Positive Testing Rate in the Past Week
Here are the top 5 best states to retire
- North Dakota
Here are the top 5 worst states to retire:
- New Jersey
- New York
- New Mexico
- Rhode Island
For the full report, click here