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| Economy |
| 'How much do you REALLY need to retire? Fascinating map shows the income needed for senior citizens to live comfortably in each state |
| 2023-10-12 |
| [MAIL] Senior citizens looking to relocate may want to steer clear of Hawaii as it ranks as the most expensive state to retire to, figures show. Retirees in the Aloha state require $121,000 to live comfortably, according to study by GoBankingRates - compared to those in Mississippi who need just $55,000. Washington DC, Massachusetts, California and New York were the next most expensive states to retire to, with an average annual cost of $94,000 across all four. After Mississippi the four cheapest states were Oklahoma, Alabama, Kansas and Iowa, with an average cost of $57,000 a year. Across the US, the average annual income required for comfort was $68,000. |
| Posted by:Skidmark |
| #5 Spending estimates were then adjusted for each state by scaling each cost category by its corresponding cost of living index score. So some opportunity to bend the data to fit the curve. |
| Posted by: Bobby 2023-10-12 15:06 |
| #4 Lived there 17 years - relatively low unemployment due to tourist industry. Covid and harsh LSD shutdown put paid to that. |
| Posted by: Mercutio 2023-10-12 13:56 |
| #3 Hawaii retirement is great if you dont mind living with the highest unemployment in the country and the other great social outcomes of very high unemployment |
| Posted by: 746 2023-10-12 13:53 |
| #2 so much for that Hawaiian retirement thing. |
| Posted by: Mercutio 2023-10-12 09:15 |
| #1 ...Ummmm....no. At least where SC is concerned, that number is too high, OH is WAY too low, and a bunch of others just don't make any sense. Mike |
| Posted by: MikeKozlowski 2023-10-12 04:36 |