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HomeRetirement14 Finest Locations to Retire in New Jersey in 2023

14 Finest Locations to Retire in New Jersey in 2023


In case you’re contemplating retiring in New Jersey, you’ll have loads of locations all through the state to select from. New Jersey isn’t usually thought of one of many finest locations to retire due to the excessive value of residing and excessive state tax charges. That being stated, it has many small, pleasant cities, loads of out of doors recreation, and entry to the coast. Due to that, it’s simple to see why some folks nonetheless contemplate it an amazing place to spend their golden years.

How We Decided the Finest Locations to Retire

When narrowing down one of the best locations to retire in New Jersey, we thought of six key components:

  • P.c of the inhabitants over 65
  • Median residence worth
  • Value of residing
  • Value of healthcare
  • Crime charge
  • Facilities rating

To assemble this knowledge, we used third-party sources such because the U.S. Census Bureau, Zillow, and the livability rankings web site AreaVibes. Whereas the cities on our record don’t rank the best in all of those classes, they rank properly in most classes, making them stand out from different New Jersey cities and cities.

Frightened about inflation consuming into your financial savings? Use our Retirement Planner to mannequin completely different eventualities primarily based on inflation.

Finest Locations to Retire in New Jersey

1. Bridgeton

  • Inhabitants: 26,610
  • % of Inhabitants Above 65:5%
  • Median Residence Worth: $192,746
  • Value of Dwelling (In comparison with the Nationwide Common): 8% decrease
  • Value of Healthcare (In comparison with the Nationwide Common): 9% decrease
  • Crime Price (In comparison with the Nationwide Common): 72% greater
  • Facilities Rating: A

Bridgeton is a metropolis within the southern a part of New Jersey, situated in Cumberland County. It has a low value of residing, together with inexpensive housing and healthcare. Nevertheless, it additionally has a small senior inhabitants and against the law charge that’s greater than the nationwide common.

2. Atlantic Metropolis

  • Inhabitants: 38,466
  • % of Inhabitants Above 65:1%
  • Median Residence Worth: $179,781
  • Value of Dwelling (In comparison with the Nationwide Common): 1% decrease
  • Value of Healthcare (In comparison with the Nationwide Common): 9% decrease
  • Crime Price (In comparison with the Nationwide Common): 50% greater
  • Facilities Rating: A+

Atlantic Metropolis is without doubt one of the most well-known locations in New Jersey, due to its seashores, casinos, and Boardwalk. It has a number of advantages, together with its low value of residing, low housing prices, and low healthcare prices. Nevertheless, it additionally has a small senior inhabitants and against the law charge that’s greater than the nationwide common.

3. Millville

  • Inhabitants: 27,638
  • % of Inhabitants Above 65:1%
  • Median Residence Worth: $196,162
  • Value of Dwelling (In comparison with the Nationwide Common): 2% decrease
  • Value of Healthcare (In comparison with the Nationwide Common): 9% decrease
  • Crime Price (In comparison with the Nationwide Common): 72% greater
  • Facilities Rating: A+

Millville is a small metropolis in Cumberland County within the southern a part of the state. It has loads of issues to supply retirees, together with a big senior inhabitants and an total value of residing, together with inexpensive housing and inexpensive healthcare. Nevertheless, Millville has against the law charge that’s greater than the nationwide common.

4. Vineland

  • Inhabitants: 61,156
  • % of Inhabitants Above 65:7%
  • Median Residence Worth: $243,195
  • Value of Dwelling (In comparison with the Nationwide Common): 2% decrease
  • Value of Healthcare (In comparison with the Nationwide Common): 9% decrease
  • Crime Price (In comparison with the Nationwide Common): 5% greater
  • Facilities Rating: A+

Vineland is a medium-sized metropolis in Cumberland County within the southern a part of the state. It has a number of key benefits, together with its low value of residing, low housing prices, and low healthcare prices. It has against the law charge and senior inhabitants which can be near the nationwide common.

5. Surf Metropolis

  • Inhabitants: 1,260
  • % of Inhabitants Above 65: 48%
  • Median Residence Worth: $1,398,241
  • Value of Dwelling (In comparison with the Nationwide Common): 55% greater
  • Value of Healthcare (In comparison with the Nationwide Common): 9% decrease
  • Crime Price (In comparison with the Nationwide Common): 29% decrease
  • Facilities Rating: A+

Surf Metropolis is a borough in Ocean County situated proper alongside the coast. Surf Metropolis has lots to supply retirees, together with a small inhabitants, a big senior inhabitants, and a low crime charge. Nevertheless, it’s some of the costly locations within the state, with a value of residing and housing prices which can be properly above the nationwide common.

6. Sea Girt

  • Inhabitants: 1,725
  • % of Inhabitants Above 65: 32%
  • Median Residence Worth: $1,898,150
  • Value of Dwelling (In comparison with the Nationwide Common): 135% greater
  • Value of Healthcare (In comparison with the Nationwide Common): 1% decrease
  • Crime Price (In comparison with the Nationwide Common): 68% decrease
  • Facilities Rating: A+

Sea Girt is a small borough in Monmouth County situated alongside the New Jersey coast. Like Surf Metropolis, Sea Girt is without doubt one of the costliest locations to dwell. The borough’s housing prices and value of residing are significantly greater than the nationwide common. The excellent news is that it has a big senior inhabitants and a low crime charge.

7. Ellisburg

  • Inhabitants: 4,722
  • % of Inhabitants Above 65: 21%
  • Median Residence Worth: $336,380
  • Value of Dwelling (In comparison with the Nationwide Common): 12% greater
  • Value of Healthcare (In comparison with the Nationwide Common): 1% decrease
  • Crime Price (In comparison with the Nationwide Common): 55% decrease
  • Facilities Rating: A+

Ellisburg is an unincorporated location within the Cherry Hill Township in New Jersey, situated within the western a part of the state. It has lots to supply, together with a big senior inhabitants, inexpensive housing and healthcare, and a low crime charge. The one draw back is its usually excessive value of residing.

8. Margate Metropolis

  • Inhabitants: 5,247
  • % of Inhabitants Above 65:8%
  • Median Residence Worth: $839,914
  • Value of Dwelling (In comparison with the Nationwide Common): 34% greater
  • Value of Healthcare (In comparison with the Nationwide Common): 9% decrease
  • Crime Price (In comparison with the Nationwide Common): 2% decrease
  • Facilities Rating: A+

Margate Metropolis is situated alongside the coast of New Jersey in Atlantic County. Its perks embrace its massive senior inhabitants, inexpensive healthcare, and low crime charge. Nevertheless, Margate Metropolis additionally has a excessive value of residing and above-average housing prices.

9. Weston

  • Inhabitants: 1,959
  • % of Inhabitants Above 65: 77%
  • Median Residence Worth: $614,826
  • Value of Dwelling (In comparison with the Nationwide Common): 41% greater
  • Value of Healthcare (In comparison with the Nationwide Common): 1% decrease
  • Crime Price (In comparison with the Nationwide Common): 84% decrease
  • Facilities Rating: A+

Weston is an unincorporated neighborhood within the very northern a part of New Jersey in Franklin Township. The neighborhood has a big senior inhabitants — greater than three-quarters of its residents are 65 or older. It additionally has a low crime charge and below-average healthcare prices. The draw back of Weston is its greater value of residing and costly housing.

10. Paramus

  • Inhabitants: 26,416
  • % of Inhabitants Above 65:6%
  • Median Residence Worth: $806,899
  • Value of Dwelling (In comparison with the Nationwide Common): 58% greater
  • Value of Healthcare (In comparison with the Nationwide Common): 1% decrease
  • Crime Price (In comparison with the Nationwide Common): 22% decrease
  • Facilities Rating: A+

Paramus is a New Jersey borough situated in Bergen County, simply throughout the river from New York Metropolis. The borough has a big senior inhabitants, a low crime charge, and below-average healthcare prices. However, it has a excessive value of residing and costly housing.

11. Greentree

  • Inhabitants: 12,012
  • % of Inhabitants Above 65:6%
  • Median Residence Worth: $467,527
  • Value of Dwelling (In comparison with the Nationwide Common): 26% greater
  • Value of Healthcare (In comparison with the Nationwide Common): 1% decrease
  • Crime Price (In comparison with the Nationwide Common): 51% decrease
  • Facilities Rating: A+

Greentree is an unincorporated neighborhood within the Cherry Hill Township, situated within the western a part of New Jersey. The neighborhood has a low crime charge and a big senior inhabitants. Its healthcare prices are barely under the nationwide common, whereas its housing prices are according to the state’s common. The one draw back is its barely above-average value of residing.

12. Lavallette

  • Inhabitants: 2,171
  • % of Inhabitants Above 65: 40%
  • Median Residence Worth: $969,128
  • Value of Dwelling (In comparison with the Nationwide Common): 67% greater
  • Value of Healthcare (In comparison with the Nationwide Common): 1% decrease
  • Crime Price (In comparison with the Nationwide Common): 54% decrease
  • Facilities Rating: A+

Lavallette is a borough situated in Ocean County, simply alongside the New Jersey shoreline. The borough has a low value of residing, a big senior inhabitants, and below-average healthcare prices. Nevertheless, it has costly housing and a excessive value of residing.

13. Spring Lake Heights

  • Inhabitants: 4,530
  • % of Inhabitants Above 65: 24%
  • Median Residence Worth: $746,118
  • Value of Dwelling (In comparison with the Nationwide Common): 42% greater
  • Value of Healthcare (In comparison with the Nationwide Common): 1% decrease
  • Crime Price (In comparison with the Nationwide Common): 88% decrease
  • Facilities Rating: A+

Spring Lake Heights is a borough in Monmouth County alongside the coast of northern New Jersey. Its benefits embrace its massive senior inhabitants, its below-average healthcare prices, and its very low crime charge. Nevertheless, Spring Lake Heights does have an above-average value of residing.

New Windfall

  • Inhabitants: 13,617
  • % of Inhabitants Above 65:9%
  • Median Residence Worth: $786,969
  • Value of Dwelling (In comparison with the Nationwide Common): 51% greater
  • Value of Healthcare (In comparison with the Nationwide Common): 2% decrease
  • Crime Price (In comparison with the Nationwide Common): 82% decrease
  • Facilities Rating: A+

New Windfall is a borough in Union County within the northern a part of New Jersey. The neighborhood has a low crime charge, below-average healthcare prices, and a senior inhabitants that’s according to the state’s common. Nevertheless, it additionally has a excessive value of residing and comparatively costly housing.

Subsequent Steps For You

As you put together for retirement, it’s essential to think about extra than simply the place you’ll dwell. It’s additionally essential to ensure you have the precise monetary basis there to assist you. The Private Capital Retirement Planner can assist you ensure you’re on observe for retirement and might let you know how a lot you must save every month to achieve your retirement objectives.

Get Began with Private Capital’s Free Monetary Instruments

Writer isn’t a shopper of Private Capital Advisors Company and is compensated as a contract author.

The content material contained on this weblog publish is meant for common informational functions solely and isn’t meant to represent authorized, tax, accounting or funding recommendation. Compensation to not exceed $500. It is best to seek the advice of a professional authorized or tax skilled relating to your particular state of affairs. Understand that investing entails threat. The worth of your funding will fluctuate over time and chances are you’ll achieve or lose cash. Any reference to the advisory companies refers to Private Capital Advisors Company, a subsidiary of Private Capital. Private Capital Advisors Company is an funding adviser registered with the Securities and Alternate Fee (SEC). Registration doesn’t indicate a sure degree of talent or coaching nor does it indicate endorsement by the SEC.

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