The US States You Won’t Want To Retire To
When thinking about where to retire, people often want to go south. To states like Lousiana. It has good food and an incredible culture. Unfortunately, that doesn’t make it particularly good for retirement. Lousiana actually has the second highest homicide rate and tax burden as far as US states go. Not to mention, its health care rating is fourth from the bottom.
Kentucky has a nice temperate climate and plenty of opportunities to allow one to commune with nature. However, the state has two main issues that go hand in hand: high humidity and health care affordability. Kentucky is another state with a pretty low health care rating and high humidity. Health care has actually become less affordable in Kentucky over the past few years. And when high humidity can cause heat stroke or other health issues for retirees, it becomes all the more important to be able to get and pay for health care.
Illinois has a mix of big city living and slow-paced suburban areas. There’s plenty of environments within it so that someone can always get the kind of exposure they want. However, while summers are pleasant, winters are freezing. Not to mention, finding a house is incredibly hard. Property taxes in the state are very high, something particularly bad for people on a fixed income. Then there are the high sales taxes for whenever you need to buy groceries.
Scenic small times, gorgeous suburban homes, and colorful foliage, Connecticut has a lot to offer. Unfortunately, it might not be the best place to retire to. Recent economic hardship in the state has led to significant cuts in Medicaid and other government programs. Then there are also the high taxes of the state. They even tax your Social Security benefits.
New Jersey gets a bad rep, but it’s not really that bad a location to live. There’s a reason they call it the Garden State. It’s just that it’s not a good place to retire to. With humid summers and cold winters there isn’t a lot of time to enjoy the outdoors. It’s also rather expensive to live in and has some of the highest property taxes in the country.
Rhode Island seems like a nice, quaint place to live in. With all of its beaches, delicious food, and other amenities is sure seems like it. Although, it isn’t cheap to live here. Seniors in particular have a 22% higher cost of living when moving here. It also has some of the highest electricity prices in the country, as well as some of the worst roads and steepest taxes. Then, of course, there’s the high price of health care.
The southwest is considered one of the best regions for retirees in the country. It’s warm, has low humidity, and has a lot to offer for older citizens. Not to mention, the cost of living is normally lower. But, in New Mexico one needs to keep in mind the high and frequent taxes. Seniors are taxed on Social Security, retirement account distributions, and pension payouts. Just living here will cut your retirement saving down significantly.
Maryland has a mild climate, is comfortable for people of any age to live in, and just offers quite a few opportunities for retirees. Unfortunately, it’s proximity to Washington D.C. leads to ridiculous traffic. Excluding just the inconveniences, it also has a high cost of living, with taxes on IRAs and expensive healthcare.
Indiana actually has rather affordable housing and a cheap cost of living. On the other hand, it’s got cold winters and humid summers. There’s also its high annual homicide rate. Its healthcare score is also rather low, alongside there being few activities or communities for seniors.
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