USA

New York tops list for priciest place to spend post-work years – but California DOESN’T feature

It is no secret that New York is one of the most expensive cities in the world, but a new study has revealed that it is now the most expensive place to retire in the United States.

According to the Global Retirement Index (GRI) from InternationalLiving.com, New York tops the list of the most expensive places to spend the post-work years. The index, which was released on Thursday, looked at the cost of living and quality of life metrics in countries around the globe to determine the best places to retire.

The rankings, which put New York at the top of the list, may come as a surprise to some, as California is often thought of as the most expensive state in the US. However, California did not even make the list, coming in at number 18.

The top five cities according to the GRI are New York, Hawaii, Florida, Oregon and Washington. These cities, which all have mild climates and access to beaches, offer retirees the opportunity to enjoy their post-work years in style.

The GRI also looked at the cost of living in each of the cities. New York was found to be the most expensive city in the US, with the cost of living estimated to be 35% higher than the national average. Hawaii was also found to be costly, with the cost of living estimated to be 25% higher than the national average.

The study also looked at the quality of life in each of the cities. New York was found to be the best place to retire in terms of quality of life, with Oregon and Hawaii coming in second and third, respectively. The GRI also looked at the crime rate, healthcare, recreation and other factors to determine the best places to retire.

For retirees looking for a more affordable option, the GRI found that the Midwest states of Michigan, Indiana and Ohio have some of the most affordable cities in the US. These cities offer retirees a lower cost of living and a more relaxed lifestyle.

Overall, the GRI provides a great insight into the best places to retire in the US. It is clear that New York is the most expensive place to retire, but there are still plenty of other options for retirees looking for an affordable and enjoyable place to spend their post-work years.