5 Worst Places to Retire If You Have No Savings

2. San Jose, California

Insider Monkey Score: 35    

IM Cost of Living Index: 203           

Median Home Price: $1,300,000

Average Rent (1-bedroom): $2,466

California seems to be the reigning state on our list of worst places to retire. Clearly, the state isn’t ideal for retirees considering its insanely high cost of living. According to our index, the living expenses in San Jose in particular are 103% higher than the national average. The city has one of the highest home prices in the country at $1.3 million, and rents are pretty high as well.