These 10 States Are Not Retiree-Friendly

If you're thinking about making a big move in retirement, it's important to consider what characteristics you want in your new home and which ones to avoid at all costs. Here is a list of the top 10 worst states to retire in.

10. Rhode Island

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Rhode Island is ranked 48th in the U.S. for states to retire in- that's the fifth worst!

This rating can be attributed to Rhode Island's sky-high utility, real estate, and transportation prices.

Related: The Most Obese U.S. States, Ranked

9. Connecticut

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Wallethub gave Connecticut the not-so-coveted title as the eighth worst state to retire in.

Connecticut's affordability (or lack thereof) for retirees is a big reason why their ranking is so poor. Another reason it is considered to be one of the worst places to retire is that retirees can expect to pay up to 85% in taxes on their Social Security benefits unless they make less than $75,000 (individual filer) or $100,000 (joint filer).

8. Maryland

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Maryland earned it's low ranking thanks to it's high cost of living and low culture and weather ratings.

Not only does Maryland have state income tax, they are also one of seven states to have an estate tax as well.

Related: Millennials Don't Listen to Boomers, Until Now, Why?

7. Alaska

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Alaska has the second smallest share of retirees. The cold climate is an obvious deterrent, however the state has other issues, such as a high violent crime rate and a cost of living that is higher that the nationwide average.

6. Oregon

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Oregon might not charge for sales tax, but they have one of the highest state income tax rates in the U.S., charging 9.9%.

And although Social Security benefits are tax exempt, all other retirement income is taxable. Unfortunately, Oregon's seniors bring in 15.9% less than the national average of household incomes.

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5. Massachusetts

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Massachusetts carries heavy costs for retirees. Not only does Massachusetts have the third highest living costs in the country, but it also has sky-high healthcare costs for 65+ citizens.

4. California

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This one is pretty obvious. The cost of living has skyrocketed in California in recent years. 1 in 10 Californians age 65+ live in poverty. Aside from Social Security, retirement income is fully taxed, and California has the highest state income tax in the country at 13.3% for the highest earners.

3. New York

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Manhattan, New York is the most expensive place to live in the U.S. Living costs come out to 138.6% above the national average. So if you're looking to retire in this state, shoot for areas outside of the Big Apple. Seniors suffer a poverty rate of 11.4%, which is worse than the national rate. It's tied with Kentucky for the fourth highest in the country.

2. District of Columbia

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With high healthcare costs and an even higher cost of living, it is no wonder D.C. made this list.

There is already a lack of elderly folks living there, and with the high crime rate, I don't blame them.

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1. Hawaii

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Hawaii has the highest cost of living in the country, with housing prices averaging in the $800,000's. That puts the cost of living 33% higher than the national average.

There is also very little in the way of public transportation. The islands do not have subways, trains, or trams.

Top 10 Biggest Tourist Traps To Avoid at All Costs

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When it comes to traveling, every city has its charms and its traps. However, some cities are more known for their tourist traps than others. In a popular thread on a social media platform, travelers were asked which cities they believed to be the biggest tourist traps. Here are the top 10 cities that made the list.

The 10 Most Beautiful Places in the United States You Must See

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The United States is home to some of the world's most stunning natural landscapes, from towering mountain ranges to breathtaking coastlines. When asked where the most beautiful place in the United States is, users on an AskReddit thread had no shortage of stunning locations to share. Here are ten of the most popular responses:

Top 10 Travel Trailer Brands of 2023

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When it comes to travel trailers, there are a lot of different brands on the market. This article will discuss 10 of the best travel trailer brands on the market today. We will describe the features of each brand and give our top pick for the best product. So whether you need space for two people or the whole family, we have you covered.

States People Are Leaving (And Where They're Going)

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It's no secret that people are moving around the United States a lot lately. Ever since the rapid increase in housing prices and the rapid decrease of employment since the pandemic, people have been searching for more affordable places to go.  So where are all these people going? Let's take a look at some of the states that are losing the most people and where they are ending up.

Most Dangerous Cities in the U.S.

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Crime is at an all-time high in the United States, and people are fleeing the most dangerous cities in favor of safer places. Here are the top 10 most dangerous cities in the United States today.

This article was produced and syndicated by Max My Money.

This originally appeared on Max My Money.


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