Study: These are the Most Tax-Friendly Places in New Jersey for Retirees
In our fourth annual study, SmartAsset analyzed sales, property, income, fuel and Social Security tax data to rank locations on how friendly they are for retirees. To compare the cities in our study, we looked at a hypothetical retiree who receives $50,000 in income. The table below shows which cities lead New Jersey in retirement tax friendliness.
| Rank | City | Income Tax Paid | Property Tax Rate | Sales Tax Paid | Fuel Tax Paid | Social Security Taxed? | Retirement Tax Friendliness Index |
|---|---|---|---|---|---|---|---|
| 1 | Ocean City, NJ | $5,407 | 0.82% | $1,077 | $296 | Not Taxed | 65.61 |
| 2 | Englewood Cliffs, NJ | $5,407 | 0.98% | $1,077 | $263 | Not Taxed | 64.48 |
| 3 | Hoboken, NJ | $5,407 | 1.42% | $1,077 | $165 | Not Taxed | 61.62 |
| 4 | Edgewater, NJ | $5,407 | 1.45% | $1,077 | $231 | Not Taxed | 59.87 |
| 5 | Belmar, NJ | $5,407 | 1.23% | $1,077 | $384 | Not Taxed | 59.01 |
| 6 | Manasquan, NJ | $5,407 | 1.32% | $1,077 | $395 | Not Taxed | 57.74 |
| 7 | Paramus, NJ | $5,407 | 1.48% | $1,077 | $325 | Not Taxed | 57.43 |
| 8 | Secaucus, NJ | $5,407 | 1.58% | $1,077 | $275 | Not Taxed | 57.43 |
| 9 | Margate City, NJ | $5,407 | 1.35% | $1,077 | $397 | Not Taxed | 57.35 |
| 10 | Holiday City-Berkeley, NJ | $5,407 | 1.76% | $1,077 | $186 | Not Taxed | 57.24 |
You can find more details on the study results and methodology, as well as our interactive map here: https://smartasset.com/
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