From housing to healthcare, retirees face steep costs, making it a less favorable option for those with a tight retirement budget.
Hawaii’s picturesque scenery comes with a high cost. The state has the highest cost of living in the U.S., driven by expensive housing and the costs of importing goods to the islands
Massachusetts offers a rich history and excellent healthcare but at a high cost. Housing and living expenses in cities like Boston can strain retirement savings significantly
While Alaska offers stunning natural beauty and no state income tax, its remote location leads to higher costs for goods and services, making it an expensive choice for retirees
With its lush landscapes and environmentally conscious cities, Oregon also has high state taxes and a rising cost of living, particularly in popular areas like Portland.
Connecticut offers a quintessential New England experience but with high property taxes and living costs that can be a burden on retirees.
New Jersey combines high property taxes with a high cost of living, making it a challenging state for retirees looking to stretch their dollars.
Rhode Island, the smallest state, has a high cost of living, particularly in terms of housing and healthcare costs.