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Retiring in New Jersey? Good luck

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By Dino Flammia April 17, 2017 2:51 AM

New Jersey residents who are on their way to retirement, or are already enjoying their golden years, would be better off in 37 other states.

According to a recently released analysis from Bankrate, New Jersey is the 13th-worst state in which to retire.

“The cost of living … is very high,” Bankrate data analyst Claes Bell said of New Jersey. “High taxes in the state of New Jersey were another issue.”

New Jersey’s cost of living ranked fifth-worst among the 50 states. Only two states — Connecticut and New York — registered a higher tax burden

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