SOUTHLAND – (INT) – As households battle inflation, a new study has found California ranks 2nd among the most expensive states to retire in 2024.

LendingTree analyzed various data sources to understand how much Americans spend in retirement and how it’s changed over the past decade.

In California, the average cost of living for retirees is nearly 57-thousand dollars, an 11 percent increase from 2021. By category, there were increases of 44-percent in food, 32-percent in entertainment, and 25-percent in transportation expenses.

Hawaii is the most expensive state to retire in and West Virginia the least expensive.

Story Date: August 26, 2024