Given the battering (or worse) we experienced in the pandemic year, some New Jersey residents may be thinking about retirement. But where? The folks at Bankrate have done some digging on the subject and come with a best-to-worst ranking of all 50 states.
Bankrate used weighted ratings to come up with its list: affordability (40%), wellness (20%), culture (15%), weather (15%) and crime (10%).
Where’s New Jersey in the mix? In the 17th slot overall. It got dinged for affordability (big surprise), finishing 43rd. It was ranked 3rd for wellness, 17th for culture, 26th for weather and 3rd for crime.
Best place to retire? Georgia (despite its ongoing voting fracas). Affordability took 3rd place; wellness, 32nd; culture, 41st; weather, 4th and crime, 29th.
The best place for retirees to avoid? Maryland. It’s expensive (47th for affordability), not particularly cultured (39th) or blessed with beautiful weather (36th) or free from crime (29th). Then again, it does very well for wellness: 4th. And those crab cakes are to die for.