CNBNews

In 2025, a record 4.2 million Americans will turn 65 and they are facing unprecedented challenges – 61% of Americans are worried they will not have enough money in retirement; Medicare and Medicaid costs grew by 8% annually; and there is a looming senior housing crisis.  On a positive note, life expectancy is again rising, and 65 year-olds can expect to live another 19.9 years. Still, with AI projected to improve longevity, it’s critical to choose a retirement destination that will be comfortable for the long haul.  Seniorly today released a study on the Best and Worst States to Retire in 2025after analyzing nine metrics of data across three main categories – affordability, healthcare and lifestyle – in all 50 states and D.C.   The most recent data from the SSA, CMS, HRSA, BLS, Census Bureau, Tax Foundation and others was used to determine the rankings.  Key Findings in New Jersey: Maximum personal income tax: 10.75% (Rank: 47) Average temperature: 56.3°F (Rank: 20) Population 65+: 65% (Rank: 40) Older adults with 3+ chronic conditions: 57% (Rank: 19) Average Social Security payment: $660 (Rank: 22) Doctors: 211per 10k older adults (Rank: 14) Cost of living index: 114.8 (Rank: 45) Arts and recreation centers: 268 per 100k older adults (Rank: 31) Long-term care spending: $1,980 per older adult (Rank: 31)