New York Doesn’t Rank Well For Military Retirement

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Happy Military Appreciation Month!

All military personnel face tough challenges when readjusting to civilian life upon retirement, which, for the average officer, happens at age 47. Recognizing their brave sacrifices, especially those of fallen heroes this coming Memorial Day, the personal-finance website WalletHub released its report on 2016’s Best & Worst States for Military Retirees.

To help ease the burden of retirement planning for former military personnel, WalletHub’s analysts compared the 50 states and the District of Columbia across 20 key metrics — ranging from job opportunities for veterans to number of VA health facilities per number of veterans — that collectively speak to the economic environment, health care services and overall quality of life in each area.

Military Retirement in New York (1=Best; 25=Avg.)

  • 51st Number of Veterans per Capita
  • 44th % of Homeless Veterans per Number of Veterans
  • 44th Housing Affordability
  • 51st Percentage of Veteran-Owned Businesses
  • 39th Number of VA Benefits-Administration Facilities per Number of Veterans
  • 49th Cost-of-Living Index
  • 46th WalletHub “Tax Rates” Ranking
  • 37th Dollars in Defense Department Contracts per Capita
  • 32nd “Recommendability of Veteran Hospitals”

Click here to return to the original story or visit WalletHub for the full report.

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