New Jersey is the absolute worst state to retire in, study finds

We all seem to know someone who moved from New Jersey, many to warmer, cheaper states, and now there’s research to back up the wisdom of those moves.

A new Wallethub study says New Jersey ranks No. 50 among states to retire, yes, even behind Mississippi.

To arrive at their results, they looked at 47 measures in three broad categories: affordability, quality of life and health care. As you might guess, New Jersey did not fare well in the affordable category, ranking 49.

Some of the measures used in all three categories include: cost of living, general tax friendliness, tax friendliness for retirees, cost of home care services, and cost of adult day health care to determine the affordability.

In the quality of life section, things like percentage of population 65 and over, mild weather, number of museums and theaters, crime rates, and air and the water.

For health care, some of the measures are number of family doctors, dentists, nurses and home health aides per capita, physical activity, number of health care facilities, quality of hospitals and life expectancy.

In addition to our low affordability score, New Jersey hasn’t fared very well in quality of life, ranking 34th, and for health care, we’re only 28th.

The study indicates that Florida is the best state to retire in, followed by Virginia, Colorado, Delaware and Minnesota.

Joining New Jersey at the bottom of the list are: Mississippi, New York, Kentucky and Oklahoma.

Our Pennsylvania neighbors ranked 21st overall.

The views expressed in the above post are those of New Jersey 101.5 talk show host Bill Doyle only.

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