MORRISTOWN, NJ — Morristown is one of the top ten places to retire in New Jersey, according to SmartAsset, a New York -based financial technology company.
According to the company, Morristown landed on the list as the state's eighth best place to retire. The rankings, which also place Morristown 281 nationally, is based on tax burden, medical care and recreation and social centers for seniors.
“When choosing where to retire, people may consider which cities afford them the chance to find new opportunities, experiences and friendships," explained Smartasset in making its selections.
According to its third annual study, Morristown's ranking was based on it having 1.9 recreation centers per 1,000 persons and 8.9 doctor offices per 1,000 people. Seniors represent 13.4 percent of its total population. Although the report does not stipulate the age range for seniors, it shows the average retirement age in New Jersey is 65.
"A happy, healthy retirement depends a lot on location," according to SmartAsset, which produces date-driven studies based on trends in home-buying, renting, retirement, life insurance, taxes, student loans and investing.
For a detailed look at the study, including the overall statewide and national rankings, visit SmartAsset’s website at: https://smartasset.com/retirement/retirement-calculator#newjersey/recreation-social
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