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Study finds NJ expensive place to retire

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New Jersey was ranked No. 32 of all 50 states in a recent Bankrate study of the best places to retire.

South Dakota, with its rugged Badlands terrain and Mount Rushmore, came in first thanks to low taxes and cost of living.

New Jersey was ranked the worst in taxes and near the bottom, at No. 42, for cost of living.

More positively, the Garden State was fourth-lowest of all states for crime, No. 10 for quality health care and No. 11 for cultural vitality.

The Bankrate study sourced the Agency for Healthcare Research and Quality, The Council for Community and Economic Research, Federal Bureau of Investigation, Gallup-Sharecare, National Oceanic and Atmospheric Administration, Tax Foundation, University of Hawaii at Manoa and Western States Arts Federation.

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Daniel J. Munoz

Daniel J. Munoz


Daniel Munoz covers politics and state government for NJBIZ. You can contact him at dmunoz@njbiz.com.

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