How Much Do Retirees Get From Social Security In Each State?

Published on 11/12/2019
ADVERTISEMENT

New Jersey

New Jersey is a lovely place to live, especially for those who are near reaching their golden years. Many retirees have suggested that the Long Beach Township is a place worth considering if you want to move to The Garden State. Not only are there some magnificent views but there is also a great amount of history which will keep all kinds of people fascinated. There are roughly 9.4 million people in New Jersey and the living costs are 27% higher compared to the U.S. average, with property taxes and medical care usually costing more. For low-income retirees, there are better places to look into other than The Garden State.

New Jersey

New Jersey

ADVERTISEMENT

Connecticut

With 3.6 million people living in The Nutmeg State, this East Coast state is definitely worth considering for those looking for a great place to retire. One thing you need to take note of is that the real estate taxes in Connecticut are amongst the highest in the U.S. Compared to the national average, the cost of living here is 24%  higher. However, you plan on getting a retirement job, then it might not be such a bad idea to relocate here. Just remember that the whole retirement income is taxed and sometimes residents might have their Social Security benefits taxed as well.

Connecticut

Connecticut

ADVERTISEMENT