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New Jersey Makes List Of The 10 Worst States To Retire In

By Bradley James January 17, 2012 8:42 AM

TopRetirements.com has compiled a list of the 10 worst states in which to retire, based on five factors: fiscal health, property taxes, income taxes, cost of living and climate. This year’s Worst 10 List features three new arrivals – Vermont, Minnesota and Maine – meaning three other states escaped retirement infamy: Ohio, Nevada and California. After crunching the numbers, seven of the 10 states to retire in were in the Northeast:


Wisconsin
Flickr user accros
10

Wisconsin

 
 

Taxes - a familiar theme - brings Wisconsin into the Top 10.

 
Maine
Boston Public Library, Flickr
9

Maine

 
 

Cold winters and cold cost of living brings Maine into the mix.

 
New York
Leonora Enking, Flickr
8

New York

 
 

Property taxes are the main issue here.

 
Minnesota
Brandon Bartoszek, Flickr
 

Harsh winters and harsh taxes would make for a not-so-pleasant retirement.

 
New Jersey
Flickr user riptheskull
 

Taxes, taxes, taxes. If you are currently living here, you know.

 
Massachusetts
Norman B. Leventhal Map Center at the BPL, Flickr
 

The high cost of living would make a retirement here difficult.

 
Vermont
Norman B. Leventhal Map Center at the BPL, Flickr
4

Vermont

 
 

Property taxes and cold winters bring Vermont into the Top 5.

 
Rhode Island
Will Hart, Flickr
 

Taxes and pension troubles keep Rhode Island in the Top 3.

 
Illinois
Flickr user -alice-
2

Illinois

 
 

Illinois has been hit hard by the down economy.

 
Connecticut
David Blaikie, Flickr
 

Taxes and cost of living bring Connecticut to the top of this list.

 

Why Did Or Would You Retire In New Jersey?

Does family, weather, location or taxes play a factor in the reason as to where you have or will retire? If you haven't yet retired, are you considering settling down in the Garden State? Leave a comment below to let us know your thoughts.

Filed Under: , , Category: Bob & Marianne in the Morning, Lists

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