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52%

June 11, 2014

They say New Jersey is a great place to raise kids, but most residents don’t think it’s a great place to spend their golden years, according to a recent poll by Fairleigh Dickinson University’s Public Mind. The poll showed that 52 percent of respondents say they plan to move elsewhere when the retire.

The reasons for the move? About 57 percent said they can’t afford to stay and taxes are too high. Another 15 percent cited a different climate and 6 percent said they had relatives elsewhere.

A southern state was the preferred destination for 40 percent of those who said they would move, while 14 percent said they would remain in the Northeast, 13 percent said they would move abroad, and 9 percent said they were likely to move to a western state.

Although respondents seemed in agreement across the board, nonwhites were somewhat more likely to say they would move elsewhere, as would those under the age of 40.

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