retirement

The 10 worst states for retirement

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No. 10: Maryland
Maryland © Chris Parypa Photography/Shutterstock.com

No. 10: Maryland

Weaknesses: Cost of living, crime, taxes

A state with many scenic outdoor areas, Maryland offers residents ample opportunities to spend their days fishing, swimming or sailing along the Atlantic coastline or the Chesapeake Bay. And Maryland's favorable weather guarantees plenty of fine days to enjoy those outdoor activities.

But a high cost of living and lofty tax rate don't make it easy for retirees who are living on a fixed income. In Bethesda, for example, the average price of a home is $652,136 -- more than twice the national average. Apartments there aren't much cheaper, running around $1,732, compared with a national average of $945. Even a night out at the movies will cost you $12.45 -- nearly 26% above the norm.

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Retirees living in Maryland should also be prepared to pay quite a bit in taxes. Residents paid state and local taxes averaging 10.9%, which ranks 7th highest nationwide, according to 2012 data released this year by the Tax Foundation.

Crime is another downside. In 2015, the state's violent crime rate was the 10th highest in the U.S.

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

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