10 Worst Places to Retiree
It’s not uncommon to find a list of the best places to retire, either here or abroad. But a list of the worst places? That’s what the folks at Money-Rates.com pulled together.
The finance website looked at such factors as crime rate, climate, longevity and economic conditions, including taxes, job opportunities and cost of living, to compile a ranking of the 10 worst states for retirement. Some of the bottom dwellers might come as a surprise.
Maine finished dead last in the rankings. The high cost of living and harsh climate dragged down the state’s appeal to retirees. Joblessness and tax burdens weighed on runner-up Michigan. Massachusetts received a poor ranking because of cold weather and the cost of living.
Here are the 10 worst states for retirement, with No. 1 being the lowest-ranked, according to Money-Rates.com:
9. New York
7. Rhode Island
Please do your research on what state is best for you. This was a survey based on the high cost of living and harsh climate which dragged down the state’s appeal to retirees. Also major factors were joblessness and tax burdens.