Hawaii tops the list of the most expensive states to retire in this year, with the average person needing over $2 million to comfortably retire there, according to an Oct. 9 report from CNBC based on a data report from Bankrate.
The study used data including a July 2022 cost-of-living index and property and sales tax rates to determine the ranking.
The seven most expensive states to retire in:
1. Hawaii
2. California
3. Connecticut
4. Massachusetts
5. New Jersey
6. Vermont
7. Rhode Island