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Here are six reasons why.
Residents of Colorado are estimated to spend about $4,979 a year on groceries alone.
Nearly $5,000 is a big chunk out of a fixed income, even when clipping coupons.
Utility Bills vs. GOBankingRates found the average annual transportation cost for those living or retired in Colorado to be roughly $5,254.
Budgeting for medical expenses can be unpredictable, but having anemergency fundcouldnt hurt.
The estimated annual healthcare cost for Colorado retirees is about $7,465.
All 50 states and the District of Columbia were then ranked with No.
1 being the state where $1,000,000 will last the longest and No.
51 being the state where it will run out most quickly.
All data was collected on and up to date as of April 23, 2024.
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