2019’s 29 Worst States for Retirement

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New York: Ranked #2

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New York State offers a healthy mix of both provincial and big city living, and depending on your taste, could be a good choice for retirement. That’s if you have enough money to spend.

The state’s cost of living ranks among the highest in the country, being 22% higher than the national average. Certain cities in the state, such as Brooklyn and Manhattan, have even higher living costs, rising as much as 82% and 139% above the US average respectively. Taxes are also a burden, especially for seniors, which is why Bankrate ranks it last among all the states for affordability.

Nursing homes are also expensive, and despite the state not taxing Social Security and retirement income ($20,000 and below), living in New York as a retiree can be quite challenging.