9. New York is the least affordable state in the country
The Empire State ranks 50th for affordability. Not only do New York state residents pay the highest state taxes, but they also pay the highest local ones. Although the state offers some tax breaks for retirees, they don’t offset the high cost of living. In fact, New York has the fourth-highest poverty rate for those 65 years of age and older. But for people who wish to brave the high cost of living, the cultural and entertainment options are endless.
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