14 Best Places to Retire in New Jersey in 2023

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If you’re considering retiring in New Jersey, you’ll have plenty of places throughout the state to choose from. New Jersey isn’t generally considered one of the best places to retire because of the high cost of living and high state tax rates. That being said, it has many small, friendly towns, plenty of outdoor recreation, and access to the coast. Because of that, it’s easy to see why some people still consider it a great place to spend their golden years.

How We Determined the Best Places to Retire

When narrowing down the best places to retire in New Jersey, we considered six key factors:

Percent of the population over 65
Median home value
Cost of living
Cost of healthcare
Crime rate
Amenities score

To gather this data, we used third-party sources such as the U.S. Census Bureau, Zillow, and the livability rankings website AreaVibes. While the cities on our list don’t rank the highest in all of these categories, they rank well in most categories, making them stand out from other New Jersey cities and towns.

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Best Places to Retire in New Jersey

1. Bridgeton

Population: 26,610
% of Population Above 65:5%
Median Home Value: $192,746
Cost of Living (Compared to the National Average): 8% lower
Cost of Healthcare (Compared to the National Average): 9% lower
Crime Rate (Compared to the National Average): 72% higher
Amenities Score: A

Bridgeton is a city in the southern part of New Jersey, located in Cumberland County. It has a low cost of living, including affordable housing and healthcare. However, it also has a small senior population and a crime rate that’s higher than the national average.

2. Atlantic City

Population: 38,466
% of Population Above 65:1%
Median Home Value: $179,781
Cost of Living (Compared to the National Average): 1% lower
Cost of Healthcare (Compared to the National Average): 9% lower
Crime Rate (Compared to the National Average): 50% higher
Amenities Score: A+

Atlantic City is one of the most well-known places in New Jersey, thanks to its beaches, casinos, and Boardwalk. It has several benefits, including its low cost of living, low housing costs, and low healthcare costs. However, it also has a small senior population and a crime rate that’s higher than the national average.

3. Millville

Population: 27,638
% of Population Above 65:1%
Median Home Value: $196,162
Cost of Living (Compared to the National Average): 2% lower
Cost of Healthcare (Compared to the National Average): 9% lower
Crime Rate (Compared to the National Average): 72% higher
Amenities Score: A+

Millville is a small city in Cumberland County in the southern part of the state. It has plenty of things to offer retirees, including a large senior population and an overall cost of living, including affordable housing and affordable healthcare. However, Millville has a crime rate that’s higher than the national average.

4. Vineland

Population: 61,156
% of Population Above 65:7%
Median Home Value: $243,195
Cost of Living (Compared to the National Average): 2% lower
Cost of Healthcare (Compared to the National Average): 9% lower
Crime Rate (Compared to the National Average): 5% higher
Amenities Score: A+

Vineland is a medium-sized city in Cumberland County in the southern part of the state. It has several key advantages, including its low cost of living, low housing costs, and low healthcare costs. It has a crime rate and senior population that are close to the national average.

5. Surf City

Population: 1,260
% of Population Above 65: 48%
Median Home Value: $1,398,241
Cost of Living (Compared to the National Average): 55% higher
Cost of Healthcare (Compared to the National Average): 9% lower
Crime Rate (Compared to the National Average): 29% lower
Amenities Score: A+

Surf City is a borough in Ocean County located right along the coast. Surf City has a lot to offer retirees, including a small population, a large senior population, and a low crime rate. However, it’s one of the most expensive places in the state, with a cost of living and housing costs that are well above the national average.

6. Sea Girt

Population: 1,725
% of Population Above 65: 32%
Median Home Value: $1,898,150
Cost of Living (Compared to the National Average): 135% higher
Cost of Healthcare (Compared to the National Average): 1% lower
Crime Rate (Compared to the National Average): 68% lower
Amenities Score: A+

Sea Girt is a small borough in Monmouth County located along the New Jersey coast. Like Surf City, Sea Girt is one of the most expensive places to live. The borough’s housing costs and cost of living are considerably higher than the national average. The good news is that it has a large senior population and a low crime rate.

7. Ellisburg

Population: 4,722
% of Population Above 65: 21%
Median Home Value: $336,380
Cost of Living (Compared to the National Average): 12% higher
Cost of Healthcare (Compared to the National Average): 1% lower
Crime Rate (Compared to the National Average): 55% lower
Amenities Score: A+

Ellisburg is an unincorporated location in the Cherry Hill Township in New Jersey, located in the western part of the state. It has plenty to offer, including a large senior population, affordable housing and healthcare, and a low crime rate. The only downside is its generally high cost of living.

8. Margate City

Population: 5,247
% of Population Above 65:8%
Median Home Value: $839,914
Cost of Living (Compared to the National Average): 34% higher
Cost of Healthcare (Compared to the National Average): 9% lower
Crime Rate (Compared to the National Average): 2% lower
Amenities Score: A+

Margate City is located along the coast of New Jersey in Atlantic County. Its perks include its large senior population, affordable healthcare, and low crime rate. However, Margate City also has a high cost of living and above-average housing costs.

9. Weston

Population: 1,959
% of Population Above 65: 77%
Median Home Value: $614,826
Cost of Living (Compared to the National Average): 41% higher
Cost of Healthcare (Compared to the National Average): 1% lower
Crime Rate (Compared to the National Average): 84% lower
Amenities Score: A+

Weston is an unincorporated community in the very northern part of New Jersey in Franklin Township. The community has a large senior population — more than three-quarters of its residents are 65 or older. It also has a low crime rate and below-average healthcare costs. The downside of Weston is its higher cost of living and expensive housing.

10. Paramus

Population: 26,416
% of Population Above 65:6%
Median Home Value: $806,899
Cost of Living (Compared to the National Average): 58% higher
Cost of Healthcare (Compared to the National Average): 1% lower
Crime Rate (Compared to the National Average): 22% lower
Amenities Score: A+

Paramus is a New Jersey borough located in Bergen County, just across the river from New York City. The borough has a large senior population, a low crime rate, and below-average healthcare costs. On the other hand, it has a high cost of living and expensive housing.

11. Greentree

Population: 12,012
% of Population Above 65:6%
Median Home Value: $467,527
Cost of Living (Compared to the National Average): 26% higher
Cost of Healthcare (Compared to the National Average): 1% lower
Crime Rate (Compared to the National Average): 51% lower
Amenities Score: A+

Greentree is an unincorporated community in the Cherry Hill Township, located in the western part of New Jersey. The community has a low crime rate and a large senior population. Its healthcare costs are slightly below the national average, while its housing costs are in line with the state’s average. The only downside is its slightly above-average cost of living.

12. Lavallette

Population: 2,171
% of Population Above 65: 40%
Median Home Value: $969,128
Cost of Living (Compared to the National Average): 67% higher
Cost of Healthcare (Compared to the National Average): 1% lower
Crime Rate (Compared to the National Average): 54% lower
Amenities Score: A+

Lavallette is a borough located in Ocean County, just along the New Jersey coastline. The borough has a low cost of living, a large senior population, and below-average healthcare costs. However, it has expensive housing and a high cost of living.

13. Spring Lake Heights

Population: 4,530
% of Population Above 65: 24%
Median Home Value: $746,118
Cost of Living (Compared to the National Average): 42% higher
Cost of Healthcare (Compared to the National Average): 1% lower
Crime Rate (Compared to the National Average): 88% lower
Amenities Score: A+

Spring Lake Heights is a borough in Monmouth County along the coast of northern New Jersey. Its advantages include its large senior population, its below-average healthcare costs, and its very low crime rate. However, Spring Lake Heights does have an above-average cost of living.

New Providence

Population: 13,617
% of Population Above 65:9%
Median Home Value: $786,969
Cost of Living (Compared to the National Average): 51% higher
Cost of Healthcare (Compared to the National Average): 2% lower
Crime Rate (Compared to the National Average): 82% lower
Amenities Score: A+

New Providence is a borough in Union County in the northern part of New Jersey. The community has a low crime rate, below-average healthcare costs, and a senior population that’s in line with the state’s average. However, it also has a high cost of living and relatively expensive housing.

Next Steps For You

As you prepare for retirement, it’s important to consider more than just where you’ll live. It’s also important to make sure you have the right financial foundation there to support you. The Personal Capital Retirement Planner can help you make sure you’re on track for retirement and can tell you how much you should save each month to reach your retirement goals.

Get Started with Personal Capital’s Free Financial Tools

Author is not a client of Personal Capital Advisors Corporation and is compensated as a freelance writer.
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