The costs of the 11 states with the most pension funds in the United States are revealed!
A research institution has just reported that 1/5 of the population in the United States is retired in 11 states. Here comes the question: how much does it cost to retire in these places?
Data shows:
The most expensive is Hawaii (Moonflower $6782), with a cost of living index reaching 182.3, more than double the national average. If you want to retire on this Pacific island, you need to be prepared to spend.
The cheapest is West Virginia (Moonflower $2264), with a cost of living index of 88.6, making it one of the top 5 cheapest places in the United States.
In the middle tier, Florida is a traditional retirement destination (22% of the population is retired), but its cost of living index is 102, which is relatively balanced. Maine, while beautiful (23.5% of the population is retired), has a cost index of 113.4, with monthly expenses of $3460.
Interestingly, some states appear cheap on the surface, but there are significant cost differences in the details. For example, groceries are cheap in New Hampshire but utilities are expensive; rent is extremely low in Montana but healthcare costs are high.
Conclusion: If you want to save money for retirement, choose a mountain state; if you want climate and facilities, you have to spend more. Which one do you prefer?
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The costs of the 11 states with the most pension funds in the United States are revealed!
A research institution has just reported that 1/5 of the population in the United States is retired in 11 states. Here comes the question: how much does it cost to retire in these places?
Data shows:
The most expensive is Hawaii (Moonflower $6782), with a cost of living index reaching 182.3, more than double the national average. If you want to retire on this Pacific island, you need to be prepared to spend.
The cheapest is West Virginia (Moonflower $2264), with a cost of living index of 88.6, making it one of the top 5 cheapest places in the United States.
In the middle tier, Florida is a traditional retirement destination (22% of the population is retired), but its cost of living index is 102, which is relatively balanced. Maine, while beautiful (23.5% of the population is retired), has a cost index of 113.4, with monthly expenses of $3460.
Interestingly, some states appear cheap on the surface, but there are significant cost differences in the details. For example, groceries are cheap in New Hampshire but utilities are expensive; rent is extremely low in Montana but healthcare costs are high.
Conclusion: If you want to save money for retirement, choose a mountain state; if you want climate and facilities, you have to spend more. Which one do you prefer?