WalletHub: New York tops the list of most expensive states to retire in
If you're looking for a cheaper option, you might want to head down south.
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Mar 21, 2023, 9:53 AM
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Updated 572 days ago
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yesterdayIf you plan on staying in New York when you retire, you're
going to need a decent amount of money in the bank. According to WalletHub, New
York tops the list of most expensive states to retire in.
WalletHub’s research shows $1 million
in retirement savings would cover your living costs for only about 14 years.
New Jersey ranks second on the list and Vermont comes in
at number three.
If you're looking for a cheaper option, you might want to
head down south.
Alabama is
named the most
affordable.
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