5 Worst Places to Retire If You Have No Savings

3. Mercer Island, Washington

Insider Monkey Score: 32    

IM Cost of Living Index: 173.1        

Median Home Price: $2,160,000

Average Rent (1-bedroom): $2,079

Rounding up our list of top three worst places is Mercer Island. This King County city is located on an island of the same name in the southern portion of Lake Washington. Modern amenities, scenic beauty, and abundant recreational opportunities make this Washington State city an ideal retirement destination for many, except for those who have no retirement savings to afford living here.