Connecticut
If you know your history, you might already be familiar with the story of people selling fake nutmeg in the past. However, Connecticut residents now lose money to the high cost of living in the state. MERIC said that everything costs more over here, which is especially true for utilities and housing. Those with a mortgage should probably refinance now that rates are super low. Even though it has seaside appeal, the Nutmeg State is losing its retirees. Nearly 35 percent of those who leave wanted to settle down elsewhere during their twilight years. This is nearly on par with work as the top reason to leave. Taxes also make it hard because people have to pay high sales and income tax over here. Yikes.
Connecticut
New York
It is not a secret that it can be very tough to live in New York City. For one thing, the median house cost is more than $1.6 million. On the other hand, rent goes for $5,000 per month on average. The Big Apple will also take a large chunk of your paycheck! MERIC revealed that New York is fifth in the country when it comes to its cost of living. Taxes can be debilitating in the Empire State. The income, sales, and property tax all run high, so you have no choice but to kiss a lot of money goodbye over here.
New York