New Jersey: The 8th Oldest State in the Union – Is it Time to Move?

New Jersey has the 8th highest median age in the United States, at 41.4 years old. This means that half of the state's population is older than 41.4 years old, and half is younger.

There are a few reasons why New Jersey has such an older population. One reason is that the state has a large number of retirees. New Jersey is home to many popular retirement destinations, such as the Jersey Shore and the Pine Barrens.

Another reason for New Jersey's older population is that the state has a high cost of living. This can make it difficult for young people to afford to live in the state, which leads to an aging population.

Why Older Residents Should Move Out of New Jersey

There are a few reasons why older residents might want to consider moving out of New Jersey.

  • Cost of living: New Jersey has one of the highest costs of living in the country. This can make it difficult for older residents to afford housing, healthcare, and other necessities.

  • Taxes: New Jersey also has some of the highest taxes in the country. This can make it difficult for older residents to make ends meet.

  • Weather: New Jersey's weather can be unpredictable. This can be a challenge for older residents who have health problems or who are not as mobile.

  • Crime: New Jersey has a higher crime rate than some other states. This can be a concern for older residents who are living alone.

Where Should Older Residents Move?

If you are an older resident of New Jersey who is considering moving, there are a few states that you might want to consider. These states have a lower cost of living, lower taxes, and more mild weather.

Some of the best states for older residents include:

  • Florida: Florida is known for its warm weather and its many retirement communities.

  • Arizona: Arizona is another state with warm weather and a large retirement population.

  • South Carolina: South Carolina has a lower cost of living than New Jersey, and it is home to many popular retirement destinations.

  • North Carolina: North Carolina is a great state for older residents who want to enjoy the outdoors.

  • Tennessee: Tennessee is a state with a strong economy and a low cost of living.

If you are an older resident of New Jersey who is considering moving, there are a few things you should keep in mind. First, consider your budget and what you can afford. Second, think about the kind of weather you prefer. Finally, research different states to find one that is a good fit for you.

Moving can be a big decision, but it can also be a great opportunity to start a new chapter in your life. If you are thinking about moving, don't be afraid to explore your options and find a state that is right for you.

Kevin Hill

Kevin Hill is a 20 year+ real estate professional with Keller Williams Valley Realty in Woodcliff Lake, NJ who escaped to sunny South Florida for 5 years but “Just when I thought I was out, they pulled me back in!” and moved back to the Garden State. If you have any questions or want to see a topic covered in my blog, contact me at Kevin@escapefromnewjersey.com or 201-214-1349.

https://www.escapefromnewjersey.com
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