When it comes to people moving out of state, we’re always at the top of the list. We’ve been number one consistently for the last few years.
So you might think that New Jersey isn’t such a great place to spend your retirement. After all, when people have their nest egg and their retirement plan, they would want to go anywhere but here because of the high taxes. Well, think again.
According to a new study from Voice Nation, New Jersey is among the top 10 states with the highest retirement ages. Click here to see the rankings for each state.
SEE MORE: 10 things that shocked a traveler to New Jersey
Of course, Florida came in at number 1 and has long been a retirement destination for people from many other states across the country. South Dakota came in at number 2. New Jersey comes in at a respectable 10th, largely due to health and healthcare.
Sandwiched between two major cities like New York and Philadelphia, the state’s health status was quite high, much higher than that of Florida.
Many people who retire from New Jersey to Florida find after a few years, as they get older, that they want the kind of quality healthcare that New Jersey offers. What we don’t do well is the cost of living.
Yes, we have the highest property taxes in the country, but there are ways for seniors to get around them, such as lower-tax senior living communities and government relief programs.
In other states, there are fees and taxes that, when added together, can offset the amount.
For those who can endure a few cold months and afford the property taxes, life here for seniors is not so bad.
WATCH: The best New Jersey counties to retire
Gallery Credits: Stacker
WATCH: Here are the places people are moving to most in every state
Gallery credit: Amanda Silvestri
The opinions expressed in the above post are solely those of New Jersey 101.5 talk show host Dennis Malloy.
Report correction 👈