Believe it or not, at some point in life, we all end up thinking about retirement. Maybe some of you reading this are at that point. A new survey has ranked the best and worst states to retire in and well…we have some bad news for people here in the Garden State.
You may or may not agree with this poll, but Wallet Hub ranked New Jersey as the worst state to retire in, in all of America! Not in the middle of the pack or near the bottom… the absolute bottom.
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So let’s break down what Wallethub used to come up with its rankings for 2022. Wallet Hub had 47 categories that they used. These categories fell under three main categories… AFFORDABILITY, QUALITY OF LIFE and HEALTH CARE.
New Jersey finished 49th overall in AFFORDABILITY. Jersey finished 34th in QUALITY OF LIFE and for HEALTH we finished 28th, which was our best ranking of the three categories. As you can see, our worst performance was in the AFFORDABLE category. Is it property taxes, insurance, rent, etc.? ? Why is Jersey so low when it comes to retirement rankings. Check out the survey and its various rankings and see if you agree.
One of the best performances was in the “Lowest Property Crime Rate” category in which New Jersey finished 5th, just behind Maine. This is therefore a positive point of the investigation.
I’ve lived in New Jersey all my life and probably will until the end. I love it here on the Jersey Shore and enjoy my quality of life here. Does the winter get a bit harsh, yes I admit that the cold is not something I look forward to. To be honest, I don’t think my property taxes are that crazy, but I don’t live in a city known for huge taxes…but I love my city, it’s clean and quiet and it’s on the water and we have a lot of trees, so I’m happy.
How do you feel about retiring here in New Jersey? Will you stay here for your golden years or do you have your sights set elsewhere for your retirement? Post YOUR comments below