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Connecticut Deemed Worst State for Retirees [POLL]

A colder climate and a high cost of living were just two of the criteria used by the TopRetirements website in naming Connecticut the worst state in which to retire this year.

 

When the TopRetirements.com compiled the criteria for the top 10 worst states to retire in 2012, two states were actually tied for the number one spot: Connecticut and Illinois.

But because of its higher property taxes, income taxes and cost of living, the Nutmeg State took the top spot, according to the site.

The Top 10 Worst Places to Retire (according to TopRetirements)

  1. Connecticut
  2. Illinois
  3. Rhode Island
  4. Vermont
  5. Massachusetts
  6. New Jersey
  7. Minnesota
  8. New York
  9. Maine
  10. Wisconsin


The Top Weighting Criteria Used

In 2011, Connecticut made the list too, but at number nine. The top weighted criteria used in 2011 was fiscal health, taxation and climate.

The criteria used to determine quality of retired life in 2012 were fiscal health, property taxes, income taxes, cost of living and climate.

A more detailed page on why Connecticut was chosen as the number one worst state to retire goes through the criteria in detail.


Economy

Despite financial troubles, including the decline of the its manufacturing base, Connecticut's inflation-adjusted 2007 per capita income was one of the highest in the country, according to the site.

Median home values in Connecticut differ depending on the area, the site noted. In Greenwich, for example, a starter home may cost $1 million. In the Hartford area, the third quarter 2011 median price was $232,900.

The national median is reportedly $169,500, according to TopRetirements.com.

Taxes

Despite the wealth of its population and revenues gained from its casinos, Connecticut had the third highest state/local tax burden in the country in 2009, according to the site.

The site also notes that in Connecticut, social security income is exempt on couples whose adjusted gross income is $60,000 or less and partially exempt when above $60,000.

TopRetirements.com also listed towns in Connecticut that it deemed welcoming to active adults, mainly due to the presence of active adult communities:

  • Avon
  • Madison
  • Mystic
  • Newington area
  • Niantic
  • Old Saybrook
  • Oxford
  • Pomfret
  • Sharon
  • Southbury
  • Stonington
  • Wallingford area
  • Washington
  • Willimantic

 

  • Do you agree with the TopRetirements list? Is Connecticut the worst state in which to retire?
    • Yes, it's too expensive.
    • No, I don't think it's the worst state to choose for retirement.
    Total votes: 5
This is not a scientific poll. 

Related Topics: Connecticut and Retirement. Do you agree with the findings of the TopRetirements site? If you've chosen Connecticut as your retirement spot, why did you choose it? 

Stan January 18, 2012 at 09:01 PM
The Liberals still don't get it - if you continue to raise taxes state residents will continue to leave. Hint: those who move no longer pay CT taxes. The politicians really do think people are stupid or that they won't change their behaviors based on financial considerations. Does it surprise anyone that many of the states on the above list also have huge budget problems? But let's just keep raising taxes, because that really seems to be working.
Four Jacks January 19, 2012 at 09:18 PM
Yup, we're selling as soon as our kids are out of HS. Can't wait to leave. Not only have our property taxes almost tripled in the past 17 years, watching the waste that goes on in NC is appalling. The LRPC consultations fees for example. This is OUR money they're wasting! Easy come, easy go, right?
S Tadik January 20, 2012 at 01:46 AM
Gloria, a lot of people were saying that after the expensive sidewalks are installed, at some point many of those who pressed the administration to install them will move. Then, the long-time residents will have to foot the bill and . . . Let’s get real. Nobody on CRS believes that the DPW will shovel the snow off the sidewalks long term. Somebody on Town Council will make a motion to hold the adjacent owners responsible and then the long-term residents will have to foot the bills and either shovel the sidewalks themselves or pay someone to do it. Come on, budgeters; make this pet pirate walk the plank. We can’t afford it, not now and not later.
Four Jacks January 20, 2012 at 02:12 AM
Who shovels the sidewalks on South Ave??? Just curious.
heavens sake January 20, 2012 at 03:16 PM
As Maurice Chevalier sang " I'll build a stairway to paradise, and have someone else pay the way"
Yolanda Evans March 29, 2012 at 10:31 PM
We have sold up (sold??? Given away our home, lost our 30% down payment, equity, etc to merely get a price to pay the mortgage balance) and can't wait to leave CT... We have overpaid property taxes $5,000 every year for the last 5 years, and even after being down to the town hall for a re-assessment, the miniscule down-grade in payment of taxes was clawed back only two years later for an un-necessary project in our town... Now after a 5 year re-assessment, taxes are INCREASING when the value of our house has plunged 33%... And all the residents who come to the town meetings talk about is how they want MORE services and are willing to pay MORE with a higher budget!!! We are done... Every prospective buyer who came to our home winced when they found out the taxes!!! The town does not even take our household rubbish away.... Spend, spend, spend... We're through..... Adios, CT....

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