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Report: N.Y. among worst states for military retirees

Rochester Business Journal
May 29, 2014

New York is one of the worst states for military retirees, a new report from WalletHub shows.

Best & Worst States for Military Retirees ranks New York 50th, just ahead of California, based on 18 key metrics. WalletHub—a social website launched by Evolution Finance that has financial tools and information for consumers and small business owners—looked at taxes on military benefits, veteran job opportunities, the number of Veterans’ Administration facilities and housing costs.

Wyoming ranked first among the 50 states and District of Columbia. The state has one of the highest number of veterans per 100 inhabitants at 9.93. New York has a mere 4.54 veterans per 100 inhabitants, the lowest number nationwide.

In three major categories, New York ranked 50th for its economic environment, 47th for its quality of life for military retirees and 17th for its health care quality. New York ranked 49th for its percentage of homeless veterans per number of veterans. Some 0.5 percent of veterans are homeless.

While Montana has the most veteran-owned businesses per 1,000 inhabitants at 12.17, New York ranked 48th, with 6.52 veteran-owned businesses per 1,000 residents.

The report noted that Red states, those primarily voting Republican, are more friendly toward military retirees.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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