Top 10 States With The Highest Retirement Cost In The United States In 2023

By, Muhd. Faizan

Date - 09/09/2023

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New York

New York has the highest cost of living in the United States, making it a challenging place to retire on a limited budget.

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California

The high cost of housing, healthcare, and taxes can make it difficult for retirees to make ends meet.

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Hawaii

The average annual healthcare cost for a retiree in Hawaii is $6,000, which is higher than the national average of $4,500.

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Massachusetts

Massachusetts has the fourth-highest cost of living in the United States, making it a challenging place to retire on a limited budget.

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Connecticut

The average annual healthcare cost for a retiree in Connecticut is $5,000, which is higher than the national average of $4,500.

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Rhode Island

The state income tax in Rhode Island is 5.99%, which is higher than the national average of 4.0%.

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New Jersey

The sales tax in New Jersey is 6.625%, which is higher than the national average of 5.7%.

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Alaska

The state has a high demand for housing, which drives up prices.

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Maryland

The median home price in Maryland is $375,000, which is significantly higher than the national median of $375,000.

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Washington

The high cost of housing, healthcare, and taxes can make it difficult for retirees to make ends meet.

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