NEW JERSEY – New Jersey is 2023’s 2nd worst state to retire, according to a study done by WalletHub.
With 25% of all nonretired adults having no retirement savings, the personal-finance website WalletHub Monday released its report on 2023’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 47 key metrics. Our analysis examines affordability, health-related factors and overall quality of life.
Retiring in New Jersey (1=Best; 25=Avg.):
- 38th – Adjusted Cost of Living
- 31st – Annual Cost of In-Home Services
- 41st – WalletHub ‘Taxpayer’ Ranking
- 37th – Elderly-Friendly Labor Market
- 30th – % of Population Aged 65 & Older
- 46th – Health-Care Facilities per Capita
Source: WalletHub
Here are the top 5 best states to retire
- Virginia
- Florida
- Colorado
- Wyoming
- Delaware
Here are the top 5 worst states to retire:
- Kentucky
- New Jersey
- Mississippi
- Oklahoma
- New York
For the full report, click here.
