New York City is the most expensive U.S. city for retirement, according to WalletHub's analysis.

WalletHub's analysis ranks New York City as the most expensive U.S. city for retirement, factoring in cost of living and retiree tax-friendliness among 182 cities. Honolulu and Pearl City, Hawaii, follow in second, with Boston in third. High housing costs, such as median rents of $4,500 for one-bedroom apartments, contribute to NYC’s ranking. Despite the expense, the city offers rich cultural activities and senior care options. Other factors to consider include healthcare access and proximity to family.

September 21, 2024
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