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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