California had the second-highest annual cost of living, which MoneyLion estimated at $73,387 for necessities or $121,879 for the comfortable cost of living metric that accounts for Social Security income. The monthly savings would be $4,514 when starting at age 20 or $5,804 starting at age 30 with Social Security, while those would rise to $5,436 and $6,989 without Social Security.

“Two of the biggest expenses a retiree needs to look into are the state income taxesand real estate property taxes that will factor into your budget. It’s also why so many people are moving out of places like California and New York, because, beyond the cost of living, it’s very expensive from a taxation perspective,” Ted Jenkin, managing partner at Exit Wealth Advisors, told FOX Business.

Why do you think this is?

Maybe too many years under the control of one party?