9 Worst U.S. States to Retire

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6. New Jersey

Despite being a fairly safe place to retire to, the Garden state is still a retiree trap. The average apartment in Newark will set you back $1,527 a month – that’s 67% higher than the national average. Equally, real estate taxes are likely to cost you a pretty penny too, you’ll spend $7,331 on a home with the median value of $307,700.

Next on this costly agenda are health care costs. You’re looking at 8% higher than average, which is sure to make a big difference over time. Furthermore, you should also consider that some retirement income is taxable by a huge 8.97%. It looks like New Jersey isn’t so idyllic after all.