New Jersey Is Worst State To Retire In, Study Says

NEW JERSEY — Retiring in the Garden State? You might want to check this study out first.

A study released by Wallethub ranked all 50 states across three main categories — affordability, quality of life, and health care — for retirement-friendliness.

New Jersey, as it turns out, was ranked dead last.

Florida, Virginia, and Colorado were the top three destinations for retirees, the study said.

So, why was New Jersey ranked so low? Compared to other states, the Garden State was at the bottom of the pack for adjusted cost of living (42nd), health-care facilities per capita (46th), and how tax-friendly the state is (41st).

Mississippi and New York rounded out the bottom three.

More information is available through Wallethub.

Eighty percent of U.S. retirees report having enough money to live comfortably, according to a 2021 Gallup poll. But only 53 percent of non retirees expect to have enough to be comfortable when they do retire.