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Don’t Retire In These 10 (Expensive) States!
The most expensive states to retire in
Depending on where you live in the States, some cities are a lot more expensive to retire in than others.
When it’s time to retire, finding a place that isn’t too expensive is vital to living well for the rest of your life. From Boston, Massachusetts to Washington DC, these are the most expensive cities to retire in the USA.
New York City, NY
NYC is notorious for an outrageous cost of living and high taxes, compared to anywhere else in the US. With the city’s population approaching 9 million people, the real estate market is trying to keep up with the housing demands.
The vast majority of New Yorkers rent because of the fact that it is nearly impossible to buy property, that’s how expensive it is. The only borough out of five in NYC where people actually buying homes is Staten Island. It is considered the suburban area of New York. People live here but commute to Manhattan to work, as they get paid better there.
Even if you saved a decent amount for retirement, it can disappear pretty quickly, depending on your spending habits. That’s why it is so important to start budgeting at a young age. You need to be disciplined, and smart with your money so you don’t regret…
