New Jersey ranks 42nd on a list of the best retirement destinations in the U.S., according to a study by Bankrate.com.
The Garden State placed just behind South Carolina and just ahead of California in the report, which was released on July 10. Nebraska topped the list of best places for retirement; Maryland was named as the worst.
Bankrate said it assessed states’ suitability using 11 public and private databases to examine five factors: affordability, crime, culture, weather and wellness. Affordability carried the most weight in the rankings; crime was the least important criteria.
New Jersey did well on crime, coming in as the fifth-best state but placed third-worst in affordability. Bankrate has developed an interactive tool to help retirees make the decision about where to locate.
“There are many factors to consider when deciding where to retire,” Bankrate.com Data Analyst Adrian Garcia said in a statement. “Some people may choose to stay close to family, while others prefer to seek out warm weather or affordable living. It comes down to very personal preferences, so it’s important to weigh all factors and determine what is most important for your happiness.”
New Jersey’s neighbors also fared poorly in the ranking. New York came in at No. 49 while Pennsylvania ranked 34th. Move to Delaware and you’ll be in the 32nd-best state.