See Where New York Falls On The List Of States To Retire
It's not looking good for the State of New York when it comes to retiring. In a recent study published by WalletHub, New York was listed at the 11th worth state for retiring. So if your at that stage in your life or preparing for that state in your life it's not always just about when... but also where.
To help show you the ups and down of retiring in each state WalletHub "compared the 50 states across 41 key indicators for retirement-friendliness." The took into account affordability, health-related factors and overall quality of life when deciding the rankings of states to retire.
Here are the Top 10 States for Retirement
- South Dakota
- New Hampshire
You can see that New York not on that list and that because they made another list, the list of states that aren't great fro retirement.
11 Worst States for Retirement
- New Jersey
- Rhode Island
- West Virginia
- New Mexico
- New York
While New York isn't the worst, you typically don't want to be on this end of the list. WalletHub broke down how New York compared in some key factors,
Retiring in New York (1=Best; 25=Avg.)
- 47th – Adjusted Cost of Living
- 30th – Annual Cost of In-Home Services
- 47th – WalletHub ‘Taxpayer’ Ranking
- 42nd – Elderly-Friendly Labor Market
- 27th – % of Population Aged 65 & Older
- 39th – Health-Care Facilities per Capita