close
close

Don’t go! NJ is on the list of 10 BEST states for retirement


Don’t go! NJ is on the list of 10 BEST states for retirement

For many here in America, 2024 has been a rough year to say the least. Everything is SO expensive. Some would say one of the positives about living in the Garden State is that we’re already used to everything being ridiculously overpriced, so it feels like you’re constantly hearing about people trying to escape this place.

Apparently you should put these plans on hold.

Logo of Cat Country 107.3

I never would have believed this to be true, but if you’re planning on moving Mom and Dad out of New Jersey for their retirement, you might want to think again.

NJ named one of the best states for retirement

When it comes to the question of whether or not to retire here in New Jersey, most people are usually advised to move away and settle somewhere less expensive.

Understandable, right?

When you’re on a fixed income, you need to stretch every dollar as far as possible, and that’s certainly not easy these days.


via GIPHY

According to the folks at VoiceNation, a recent analysis has found that New Jersey has now become one of the best states to retire in, based on new data. Florida is still number one. That’s not really surprising. New Jersey nearing the top of the list? Well, THAT is crazy.

On a scale of “0” being the worst to “100” being the best, New Jersey ranks 10th on the list.

The data found in New Jersey (worst = 0-100 = best):

Rank: 10
Cost of living score: 56.2
Retirement and life score: 68.8
Health & Care Score: 69.4
Retirement Search and Sentiment Score: 35.1
Weather result: 40
Best state for retirement: 62

If 100 points is the best rating, we didn’t do so well in the weather category. We must remember that the Garden State is actually in the Northeast. Yes, it does get cold here sometimes. What can you do? Otherwise, we did pretty well, right?

Check out the full list HERE and let us know if you’re as shocked by the results as we are.

If you plan to settle permanently here in New Jersey, this may help you narrow it down:

WATCH: The best New Jersey counties to retire

Stacker compiled a list of the best counties to retire in New Jersey using data from Niche.

Gallery Credits: Stacker

WATCH: This is what you need now to retire comfortably in every US state

Go Banking Rates analyzed financial data to determine how much money people across the country need for retirement, taking into account food, housing, transportation, healthcare costs and more. Plus, you’ll learn what an additional $1 million in savings would look like.

Gallery credit: Mike Brant

Leave a Reply

Your email address will not be published. Required fields are marked *