9 Worst U.S. States to Retire
2. Washington, D.C.
Almost as expensive as New York, the nation’s capital is another place you should avoid if you want to make your retirement funds go further. And, at just second after Hawaii, the D.C median home value is $424,400. While Washington can boast having the highest average income for people over 65, 14% of those are below the poverty line.
In addition to this, The Tax Foundation claims that Washington has one of America’s highest income tax rates at 8.9%. If you own a house valued at $1 million+, you must pay estate tax which can be more than 16%. Safety is always a factor for retirees, too, and the property crime rate is higher in this city. Also, violent crimes happen at 3.5 times the national rate. Avoid Washington at all costs.