New Jersey Is 2024’s 2nd Worst State to Retire – WalletHub Study

With more than 3 in 10 Americans feeling anxious about retirement, the personal-finance website WalletHub today released its report on 2024’s Best & Worst States to Retire, as well as its 2024 Retirement Savings Survey.

To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub compared the 50 states across 46 key metrics. Our analysis examines affordability, health-related factors and overall quality of life. Below, you can see highlights from the two reports, along with expert commentary.

Retiring in New Jersey (1=Best; 25=Avg.):

  • Overall Rank for New Jersey: 49th
  • 37th – Adjusted Cost of Living
  • 31st – Annual Cost of In-Home Services
  • 42nd – WalletHub ‘Taxpayer’ Ranking
  • 34th – Elderly-Friendly Labor Market
  • 30th – % of Population Aged 65 & Older
  • 45th – Health-Care Facilities per Capita

For the full report, please visit:
https://wallethub.com/edu/best-and-worst-states-to-retire/18592

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