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The best and worst cities to retire

New York

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New York City, worst city to retire

The Big Apple ranks last of all cities evaluated, primarily because of expenses. Despite the ease of getting around without a car and a wealth of entertainment, the city's cost of living sets retirees back.

High tax rates and one of the country's most inflated apartment markets can put a heavy strain on a retiree's fixed income.

"If you look at apartment rents in Manhattan or Brooklyn that should really tell you all you need to know," said Chris Kahn, research and statistics editor at Bankrate.

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