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Saturday 10 December 2022
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No Big Surprise: New York Ranked Worst Place to Retire in the Country

For those that have live and worked in the Empire State for even a brief amount of time, the results of a recent Bankrate.com study may come as no surprise. High tax rates and cost of living have become as synonymous with New York as the Big Apple itself, and it’s certainly not reserved for the people living in the boroughs of the state’s biggest city, either.new york

According to Syracuse.com, New York came in at the very bottom (that’s 50th place, for those of you scoring at home) in the overall results of the six factors the study analyzed. Those factors were: cost of living, crime rate, community well-being, health care quality, tax rate, and weather.

It’s important to note that New York found its way to dead last place even though the study gave what Central New York residents would likely consider a very generous ranking of 25 for the ‘weather’ category. Sure, the region doesn’t have to worry about natural disasters such as tornadoes, earthquakes, or regular flooding. Yet this year’s mild winter aside, you’d be hard-pressed to find even the most loyal local who would say the weather here is better than that of half the states in the country.

The states that topped the list are the ones you might want to start thinking about if you’re approaching the later stages of life. These included Wyoming at the top spot, followed by South Dakota, Colorado, Utah, and Virginia rounding out the top five.

“While features like pleasant weather and nearby amenities are important, nuts-and-bolts considerations like cost of living and the local tax burden may have a bigger impact on your overall quality of life,” Bankrate senior analyst Claes Bell told Fortune. “Many retirees live on a fixed income, and it’s hard to have a pleasant retirement if you’re constantly under financial pressure.”

Despite two top 20 rankings in health care and weather, Maryland couldn’t break the top 40 (41), even with recent growth in places like Anne Arundel County, which has grown by about 10% in the last 15 years.

New York did manage to crack the top 20 in one of the categories, though. The study placed the state at 17 in terms of crime rate.

In short, while the chances of being killed by something or someone in New York seem to be relatively low, you’re probably going to end up working yourself to death just to afford being here.