New jersey is second most expensive state for seniors looking to retire

TRENTON, N.J. — New Jersey may offer some of the happiest later-life experiences for older adults, but when it comes to affordability, the Garden State ranks near the bottom.

A new study by Caring.com places New Jersey 9th overall in senior happiness across the U.S., based on a combination of factors including health, social engagement, life expectancy, and access to senior centers. The state scored 6.36 out of 10 on the happiness index, with an overall senior state happiness score of 62.46 out of 100.

Despite this high ranking, the research underscores significant challenges in the cost of living and affordability categories. New Jersey was ranked second to last in both — 49th out of 50 states — with a cost of living index of 114.6, well above the national average.

The analysis showed that New Jersey has 1.27 senior centers per 100,000 residents, and a relatively strong average life expectancy of 79 years. The state also reports that over 25% of seniors live alone, a factor often tied to increased social isolation and healthcare needs.

Senior well-being strong, but costs dampen prospects

While New Jersey’s healthcare quality and life expectancy contribute to its high happiness score, the state’s high expenses have consistently made it less attractive as a retirement destination. In previous retirement rankings, New Jersey has routinely placed low in affordability, making it a difficult choice for retirees relying on fixed incomes.

By contrast, states like Utah, Idaho, and Delaware led the rankings for senior happiness, buoyed by stronger affordability metrics, better access to senior services, and high volunteerism rates among older adults.

Utah topped the list overall, with a senior happiness score of 7.69 out of 10 and a cost of living index of 104.9. Idaho followed closely, while Connecticut and Delaware tied for third place.

The Caring.com study considered multiple data points, including senior health rankings, percentage of seniors living alone, senior center access, cost of living, and average life expectancy to compile the final scores.

New Jersey seniors may be happy, but sky-high living costs keep the state near the bottom for retirement affordability.

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