Is California the worst state to retire on a budget in 2024?

A new study found California is the No.1 worst state to retire in 2024. The Study presents analysis and data from the Census Bureau, Social Security Administration and Centers for Medicare and Medicaid services was conducted by Seniorly, a San Francisco-based Senior Advocacy group.

According to the Us Census Bureau as reported by Seniorly, Seniors have the highest poverty rate of any age group at 14.1 percent, up from 9.5 percent in 2020.

Key Findings:

• California No. 50 for gas, ($4.62 per gallon), No. 48 for rent ($2,795), No. 48 for home ownership (73.2 percent), No. 48 for inflation, ($1,079) No. 39 for groceries ($319 per month), and No. 37 for annual growth in homes values (10.5 percent)

• The 10 WORST states in which to retire in order): California, New York, Massachusetts, District of Columbia, Connecticut, New Jersey, Hawaii, New Hampshire and Maryland.

• The 10 BEST states to retire in which to retire ( in order): Iowa, New Mexico, Tennessee, Oklahoma. South Dakota, Idaho, Michigan, Wyoming, Pennsylvania and Utah.

Seniorly surveyed all 50 states and DC in housing, electricity, gasoline, groceries, taxes, social security payment, inflation and Medicare spending.