5. New Jersey
- Cost-of-living index: 115.2
- Average one-bedroom rent (January 2022): $1,490
Here’s another state that you may want to scratch off the list if you live on just Social Security checks. One of the original 13 states, New Jersey, was a major battleground during the American Revolution. The Garden State is a fascinating place that’s often overlooked, partly because of its more well-known neighbor, New York.
Almost everything is more expensive than average there, but the most dangerous hidden cost is definitely the state’s extremely high taxes — property taxes, in particular. According to the latest data, New Jersey’s residents pay nearly $1 million in taxes over the course of their lifetimes. In fact, that’s more than what residents of any other state would pay.
So New Jersey isn’t the type of place where you’d want to spend your golden years if Social Security checks are your only source of income.
I would think Pennsylvania should be listed as 1 of the worst states to live in for retirees
Comments about #3 New York zero in on NYC which is not the real New York. When it comes to New York State “go west young man, go west”. NYC is too expensive plus it’s a rat-infested pit. Go westward into New York and live a much better quality of life. Avoid NYC at all cost!
Western NY born, raised, and educated and lovin’ it.
You forgot IL
I did not know that the Washington Monument is located in the state of Washington.
Not surprised MA made this list. I am working while also collecting Social Security. I have family here for now, but in the future would look to move.
Is it just me or has anyone else noticed that the 10 worst states except Florida are all blue states? If one does go to Florida, then just keep on working or look to live in senor Housing Authority.
Learn the difference between Washington tge state and Washington D. C.