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Started By
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The 10 most expensive U.S. states to retire in
Posted on 3/20/23 at 8:44 am
Posted on 3/20/23 at 8:44 am
quote:
In addition to being home to the most expensive city to live in worldwide, New York is the least affordable U.S. state to retire in.
That's according to WalletHub's "2023 Best States to Retire," which compared all 50 states across three main categories: affordability, quality of life and health care.
For the affordability metric, WalletHub used data from various agencies such as the U.S. Census Bureau and the Council for Community and Economic Research. The ranking looked at adjusted cost of living, general tax-friendliness and annual cost of in-home services, as well as other factors.
Even $1 million in retirement savings would cover your living costs for only about 14 years, a fraction of the 25 years or more retirement typically lasts.
quote:
Here are the top 10 most expensive states to retire in, according to WalletHub:
1. New York
2. New Jersey
3. Vermont
4. Massachusetts
5. Maryland
6. Washington
7. Connecticut
8. Maine
9. Illinois
10. Oregon
LINK
10
Posted on 3/20/23 at 8:44 am to RLDSC FAN
California not on this list??
List is shite
List is shite
Posted on 3/20/23 at 8:45 am to RLDSC FAN
is there a commonality amongst those listed? politically speaking?
Posted on 3/20/23 at 8:46 am to RLDSC FAN
Insert Ryan Reynolds but why gif
Posted on 3/20/23 at 8:49 am to Screaming Viking
nope. total coincidence
Posted on 3/20/23 at 8:50 am to Klark Kent
quote:
nope. total coincidence
/thread
Posted on 3/20/23 at 8:51 am to East Coast Band
California has lower income taxes than most of the Northeast states if you have a household income less than $400k/yr. Also Prop 13 caps property tax increases at 2% annually. Immigrant population reduces some labor costs.
Posted on 3/20/23 at 8:53 am to RLDSC FAN
quote:
a fraction of the 25 years or more retirement typically lasts.
25 years or more of retirement?
Most people aren't retiring before 60, even when they can financially.
Most people can't do a god damn thing when they are over 80 so they aren't spending much money at all, assuming they are still alive, and by that point, all of their money and assets should have been moved over to their kids well before then if they haven't spent it b/c the gov't is going to take it all.
Posted on 3/20/23 at 8:53 am to RLDSC FAN
I want to see the list of the 10 cheapest please
Posted on 3/20/23 at 8:57 am to notiger1997
You guys act like this is a good thing, it’s not. The damn obnoxious east coast Yankees are invading us as they retire and ruining everything. I am not kidding
Posted on 3/20/23 at 8:59 am to notiger1997
quote:
I want to see the list of the 10 cheapest please
best and worst states to retire
There is a chart in there that you can rank them by cheapest
Posted on 3/20/23 at 9:06 am to Weekend Warrior79
Sweet. I can stay right where I'm at.
Posted on 3/20/23 at 9:07 am to Screaming Viking
quote:
Screaming Viking
Do you want the cucumber bruised?
Posted on 3/20/23 at 9:09 am to RLDSC FAN
quote:
25 years or more retirement typically lasts.
how many retirements actually last 25 years?
Posted on 3/20/23 at 9:11 am to Weekend Warrior79
I’m a little surprised to see Tennessee ranked so low. I thought that would be a nice place to consider
Posted on 3/20/23 at 9:15 am to notiger1997
Louisiana is 14, Alabama No. 1
Posted on 3/20/23 at 9:15 am to notiger1997
I was surprised to, then I saw some of the metrics for quality of life
Without knowing too much about the entire state, I would imagine there are areas where the risk of social isolation and access to public transportation is very limited. And, I assumed they are using Shoreline Mileage as a way to help skew results to the coastal states.
Healthcare ratings:
To me it looks like they took a bunch of factors they thought were important, and weighed them to fit their narrative. With that said, the affordability actually looks pretty straight forward
quote:
Risk of Social Isolation
Access to Public Transportation
Mildness of Weather
Shoreline Mileage
Without knowing too much about the entire state, I would imagine there are areas where the risk of social isolation and access to public transportation is very limited. And, I assumed they are using Shoreline Mileage as a way to help skew results to the coastal states.
Healthcare ratings:
quote:
Percentage of Residents 12+ Who Are Fully Vaccinated Against COVID-19 - highest weight
Death Rate for Population Aged 65 & Older - odd that this would be in the grouping with the lowest weight
To me it looks like they took a bunch of factors they thought were important, and weighed them to fit their narrative. With that said, the affordability actually looks pretty straight forward
This post was edited on 3/20/23 at 9:19 am
Posted on 3/20/23 at 9:16 am to RLDSC FAN
quote:
Here are the top 10 most expensive states to retire in, according to WalletHub:
1. New York
2. New Jersey
3. Vermont
4. Massachusetts
5. Maryland
6. Washington
7. Connecticut
8. Maine
9. Illinois
10. Oregon
All liberal shite holes. Go figure....
Posted on 3/20/23 at 9:23 am to mdomingue
quote:
Do you want the cucumber bruised?
slightly.
very few people actually know where this comes from. well done!
Posted on 3/20/23 at 9:33 am to UAinSOUTHAL
Texas needs to fix property tax rates. It's about the only thing that would potentially get me to move.
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