Episode Details

New Jersey Ranks Last as Worst State for Retirees: A new study from Seniorly reveals that New Jersey is the worst state for retirees, with high costs and steep taxes dragging down its score. Housing prices have skyrocketed, with median home values doubling in the past decade and rents running 23% above the national average. Property taxes, insurance, demand, and utilities are to blame, with programs like StayNJ offering tax rebates but capped at $4,000 for low-income retirees. Montana, Wyoming, Alaska, and South Dakota rank as the best states for retirement, while Alabama, Kansas, and Georgia join New Jersey in the top ten worst. The study considers cost of living, income taxes, Social Security payouts, weather, entertainment, healthcare, senior communities, and overall health.

Support the show:
Get a discount at https://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/f113734b58c5d9e4