As we approach retirement, we all start to dream about the perfect place to spend our golden years. However, some US states may not be as conducive to a comfortable retirement as others due to factors such as high taxes, a high cost of living, and inadequate healthcare systems. In no particular order, here are the 10 worst states to retire in 2023, taking into account these and other factors.
While California’s climate and natural beauty make it a popular retirement destination, the state’s high cost of living and high taxes can make it difficult for retirees to make ends meet. In particular, the state has some of the highest income and sales taxes in the country, as well as one of the highest property tax rates, making it one of the worst states to retire in for taxes. Additionally, healthcare costs in California are among the highest in the nation.
A high cost of living refers to the overall expense of living in a particular location. This can include things like housing costs (such as rent or mortgage payments), utilities, transportation costs, food and groceries, and other everyday expenses. When the cost of these rudimentary necessities is high, it can make it more difficult for people to afford to live in that region.
2. New York
New York is another state with a high cost of living and high taxes, which can make it difficult for retirees to maintain their standard of living. In particular, its overall tax burden is among the excessive in the country. Additionally, healthcare costs in New York are also above average. 
A high overall tax burden refers to the total amount of taxes that individuals and businesses in a particular location must pay, including income taxes, property taxes, sales taxes, and other fees or taxes.
Illinois is facing a significant fiscal crisis, which has led to high taxes and a struggling economy. The state has one of the highest overall tax burdens in the country, with high income and property taxes, especially in the Chicago area. Additionally, the state’s pension system is severely underfunded, which has led to scrutiny of retirees’ financial security.
4. New Jersey
New Jersey has one of the highest individual income tax rates in the nation, coupled with a troubling overall tax burden. Additionally, the cost of living in New Jersey can be high, particularly in the coastal areas. The state also has a complicated tax system that’s cumbersome for retirees to navigate, welcoming it to the list of the worst states for retirement.
Connecticut has some of the highest property and income taxes in the nation, and its overall tax burden is also high. That said, the cost of living in Connecticut can be expensive, particularly in the Fairfield County area. Healthcare costs in the state are also above the national average.
Maryland is another state with a high cost of living and taxes. The state has one of the highest income tax rates in the nation, and its property taxes are also above average. The state’s cost of living is also above average, particularly in the Washington, D.C., suburbs. Additionally, healthcare costs in Maryland can be expensive, particularly for those who need long-term care, making it one of the 10 worst states to retire in 2023.
Massachusetts is a state that can be challenging for retirees due to its high cost of living, particularly in the Boston area, where housing and transportation costs can be steep. Additionally, the state has some of the highest income and property tax rates in the country, which can be a burden for retirees on a fixed income. Healthcare costs in Massachusetts are also above the national average, which can be a concern for the elderly who have extensive healthcare needs.
8. Rhode Island
Rhode Island can be a challenging state for retirees due to its high overall tax burden, including high property and income taxes, which can impose a strain on retirees’ budgets. Additionally, the cost of living in Rhode Island can be expensive, particularly in coastal areas like Newport and Narragansett. The fact that healthcare prices in the state are higher than the national average can also be concerning for seniors who need more medical attention.
Retirees considering Vermont should be aware of the state’s challenges, including a high overall tax burden that includes high property and income taxes, which can be a strain on their budgets. The cost of living in Vermont can also be high, particularly in the Burlington area, which can be a challenge for retirees on a fixed income. Vermont’s cold winters may also be a drawback for retirees who prefer warmer climates. Additionally, healthcare costs in Vermont exceed the national average, which can be problematic for seniors who might need greater medical attention.
Last on the list of the 10 worst states to retire in 2023 is Oregon. Oregon can be a challenging state for retirees due to its increasing business tax burden. An unreasonable business tax burden can render a negative corollary on citizens and their job opportunities, as it can shrink the overall number of businesses in the area, limit job growth, inflate consumer prices, and discourage entrepreneurship and innovation. Oregon’s rainy climate may also be a drawback for retirees who prefer more sunshine. Healthcare costs in the state are also above the national average. 
While these may be the worst states to retire in, it’s important to remember that each person’s retirement needs are unique. Some retirees may value a high cost of living in exchange for a desirable climate, cultural opportunities, or proximity to family. Regardless of where you decide to retire, it’s paramount for you to carefully consider the cost of living, tax burden, healthcare system, and other factors that can affect your financial well-being and overall safety.