NEW YORK (PIX11) – The Big Apple is the seventh worst state to retire, according to a WalletHub study.
The study ranked all 50 U.S. states using key factors such as quality of life, the cost of living, and health care to determine how “retirement-friendly” they are. While New York ranks pretty high for quality of life and health care, the cost of living is steep, the WalletHub study revealed.
The six other states ranked below New York, were Oklahoma, Rhode Island, Mississippi, New Jersey, and Kentucky, which landed in last place.
Unsurprising to most, Florida is ranked the best state to retire, due to its low taxes for retirees. The Sunshine State has the second-most shoreline miles of any state, according to the study.
“There are plenty of ways for seniors to stay healthy and happy, which is reflected in the fact that Florida has one of the lowest death rates for people aged 65 and older in the country,” the study revealed.
Charline Charles is a digital journalist from Brooklyn who has covered local news along with culture and arts in the New York City area since 2019. She joined PIX11 News in 2022. See more of her work here.
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