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New Jersey is Not the Place You Want to Retire

seniors working artchick

photo by ArtChick

the staff of the Ridgewood blog

Ridgewood Nj, New Jersey has been ranked the 9th-worst state to retire, according to a Bankrate.com report.

Bankrate.com determined the rankings by examining 11 public and private datasets related to the life of someone who is retired, broken down into five categories: affordability (40%), wellness (25%), weather (15%), culture (15%) and crime (5%).

New Jersey, which was ranked No. 42 overall,  fared well in crime (No. 5), but was ranked No. 48 in affordability, the study’s most important metric. The Garden State wound up in middle of the pack in the rest of the categories — No. 16 in culture, No. 22 in weather and No. 23 in wellness.

“There are many factors to consider when deciding where to retire,” Adrian Garcia, data analyst for Bankrate.com, said. “Some people may choose to stay close to family, while others prefer to seek out warm weather or affordable living. It comes down to very personal preferences, so it’s important to weigh all factors and determine what is most important for your happiness.”

The Top 5 states to retire, according to Bankrate.com, include:

  1. Nebraska;
  2. Iowa;
  3. Missouri;
  4. South Dakota;
  5. Florida.

The Top 5 worst states to retire include:

  1. Maryland;
  2. New York;
  3. Alaska;
  4. Illinois;
  5. Washington.

To see the full rankings and methodology, click here.

3 thoughts on “New Jersey is Not the Place You Want to Retire

  1. Move to the south.

  2. Its driveable as well for visits to nj

  3. Visitors coming back for family and friends visits
    after relocating to the south will find plenty of high priced parking spots when the commercial Zone is hollowed out and abandoned by store owners .Amazon is crushing everyone..ask your kid what window shopping is.Hint..IT has little to do with Bill Gates and his large innovative company..This is the reality we are all facing …

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