retirement

Where are the worst states for retirement?

Retirement » 10 Worst States For Retirement

No. 2: New York
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 New York © iStock

No. 2: New York

Weaknesses: Extremely high tax rate, high cost of living

Retire cheaply in the Big Apple? You can fuhgeddaboutit. New York City might have a low crime rate, but it's the most expensive place to live in the country -- more than twice the national average -- and neighboring Brooklyn ranks third.

In addition, New York's state and local income taxes are the highest in the nation, and property taxes rank fourth highest among all the states.

And, the over-65 crowd gave the state some of the lowest personal satisfaction scores in the nation, according to the Gallup-Healthways Well-Being Index. The Big Apple's crowded streets, slippery sidewalks and lack of elevators may have something to do with it.

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Sources: Agency for Healthcare Research and Quality; Healthways; the Council for Community and Economic Research; the FBI; the Tax Foundation; and the National Oceanic and Atmospheric Administration

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