NJ Ranked one of the Worst States for Retirees

Americans, for the most part, look forward to the day that they can retire and just relax. Millions of people spend years saving up money for the day they tell their jobs goodbye, and make plans for how they will spend their golden years. New Jersey residents might want to consider one more thing when preparing for retirement: another state to live in.

A new ranking of all 50 US states by personal-finance website WalletHub has the Garden State in a pathetic 47th place when it comes to best states to retire in. The ranking was based on 47 key metrics of each state, including cost of living, availability of health-care facilities, and overall quality of life.

One of the primary reasons for New Jersey being ranked so low was the prohibitively high cost of living in the state which could make living on a retiree’s limited income extremely difficult. Other factors that contributed negatively to New Jersey’s ranking was the lack of scenic areas and a dearth of museums.

Another major negative factor was the quality of New Jersey’s public hospitals, which rank as some of the worst in the country. A large number of seniors (8%) being unable to pay for a doctor’s visit didn’t do the state any favors in the rankings either.

Unsurprisingly, Florida was ranked the #1 state to retire in, which many happy grandparents would agree with. Kentucky was ranked the worst state to retire in, but at least their retirees can drown their sorrows in bourbon.

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