Tuesday
September 2, 2014

7 Costliest Retirement Destinations

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7 Costliest Retirement Destinations

U.S. News & World Report recently ranked the most difficult cities to make ends meet in retirement. The publication's ranking was based on the cost of living, housing, and taxes in those places.

The following are the seven costliest retirement spots, including the median amount retirees spend on their mortgages. 

1. Bridgeport, Conn. 

Median amount retirees spend on mortgage per month: $2,440 

2. Honolulu

Median mortgage payment: $2,118 

3. Los Angeles

Median amount retirees spend on mortgage per month: $1,996

4. New York City

Median mortgage payment: $2,200

5. Oxnard, Calif.

Median mortgage payment: $2,107

6. Poughkeepsie, N.Y.

Median mortgage payment: $1,918

7. San Diego

Median mortgage payment: $1,971

Source: “The 10 Worst Places to Retire,” U.S. News & World Report (March 11, 2013)