Report: New Jersey One Of The Worst States To Retire
FREEHOLD, N.J. - If you're looking to kick your feet up, a newly-published report by WalletHub suggests that New Jersey is almost the worst state to retire.
New Jersey ranks as the fourth worst state to retire, according to the personal finance website's "2020's Best States to Retire."
Kentucky ranks worst in the United States, followed by New Mexico and Rhode Island.
WalletHub researchers came to their conclusion by comparing the 50 states via 47 key components, including adjusted cost of living, weather and quality of public hospitals.
New Jersey ranks third worst in the category of affordability, according to researchers. But the Garden State has the fifth lowest property-crime rate, according to researchers.
New York was not too far from New Jersey in the rankings, The Empire State ranks ninth worst state to retire.
The best state to retire is Florida, according to the rankings.
New Jersey News Network did not commission WalletHub to do this report.