Dreaming of Retiring at the Jersey Shore? NJ Is the 6th Most Expensive State to Do It

I would like to retire one day, especially near the Jersey Shore. I could see my easy mornings cooking breakfast on the black stone, walking to the beach with my coffee, and spending my days fishing, surfing, and cruising around on my boat.

I don't have a boat now, but in this fantasy where I retire, I have a boat.

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New Jersey Ranks Among The Most Expensive States To Retire In

However, new stats just came out showing the most expensive states to retire in, and this may not be a surprise, but Jersey is one of the most expensive states in America to retire in.

That's why so often we see people who retire move to Florida, PA, or North Carolina. It can just be cheaper.

What's The Most Expensive State In America To Retire In?

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Right now, the most expensive place in America to retire to is California, followed by Hawaii, Oregon, Washington, and Colorado.

New Jersey Is The 6th Most Expensive State To Retire In

Sitting in sixth place is New Jersey.

We are the sixth most expensive state in the country to retire in, and if you look at the stats, it's easy to see why.

According to APP, the average rent for a one-bedroom apartment in Jersey is somewhere around $1,500. The average home price is somewhere in the area of $550,000, and even if you're retired, you'll still pay property taxes if you own your home outright, and Jersey property taxes are no joke.

What Are The Most Affordable States In America To Retire To?

If you're looking for the most affordable places to retire to in America, you're looking at places like West Virginia, Mississippi, and Alabama. Granted, I'd rather live in Jersey than those places, but that's just me.