NJ Politics Digest: Looking to Retire? New Jersey’s Not Your Best Bet, Report Says

A new national ranking ranked New Jersey as the ninth-worst state in the nation for retirees.

Welcome to New Jersey sign.
Welcome to New Jersey sign. Thomas Seymour on Flickr

There was a time that New Jersey was a haven for retirees, with 65-and-older communities sprouting up and quickly filling with residents.

But, as ROI-NJ reports, a new national ranking indicates those days are over, with the Garden State rated as the ninth-worst state for retirees in the nation.

It comes as little surprise to learn that the Bankrate.com report gives the state dismally low rankings for affordability, ranking it 48th among the 50 states. That category was heavily rated in the ranking, so while New Jersey ranked fifth for crime, 16th for culture and 22nd for weather, it still placed at the bottom of the pack, bracketed by California (43rd) and South Carolina (41st).

Maryland, with an affordability rating of 47th, ranked as the worst state to retire in, while Nebraska, with an affordability rating of 14th, was pegged as the most desirable retirement location.

Michigan was rated as the most affordable state to retire in, while New York was rated as least affordable state in the nation, and the 49th best place to retire.

Quote of the Day: “#NJTransit makes me want to cry every single day,” — A commuter Thursday after another night of delays for trains leaving Penn Station.

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NJ Politics Digest: Looking to Retire? New Jersey’s Not Your Best Bet, Report Says