Study: NY is worst state for retirees

New York was ranked as the worst state for retirees, according to a study by Bankrate.com. The study considered statistics on weather, cost of living,

New York was ranked as the worst state

New York was ranked as the worst state for retirees, according to a study by Bankrate.com. (Credit: News 12)

WOODBURY - New York was ranked as the worst state for retirees, according to a study by Bankrate.com.

The study considered statistics on weather, cost of living, crime rate, heath care quality, tax burden and well-being. According to Bankrate, New York has the highest tax rates in the country and has the fourth highest cost of living.

David Leary, a retired Air Force veteran, says he's considering leaving Long Island and heading south where living expenses are a lot lower.

"I'm on a limited budget. This is a bad place to be on a limited budget," Leary told News 12.

advertisement | advertise on News 12

Top 5 Must See

Flooding on Delta Road in Massapequa. 1 Rising tides cause street flooding in south shore neighborhoods
Heavy rain overnight expected to cause erosion at 2 Nor'easter causes widespread erosion on south shore beaches
Tree limbs and power lines across Long Island 3 Whipping winds bring down trees, power lines in some areas
Several fire departments are on the scene 4 Fire rips through several townhouse in Centerport
News 12's Elisa DiStefano tastes the delicious peanut 5 National Peanut Butter Day: Recipes

advertisement | advertise on News 12

Features

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE