Best
to live in retirement
Select a region below to get started
states
This infographic was designed by Avalaunch Media
West
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See how the Western states compare in health care costs, taxes, and cost of living. The assigned numbers determine affordability, with lower numbers being less costly and higher numbers more costly.
Taxes
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Hawaii
Wyoming
Nevada
Colorado
Arizona
Idaho
Montana
California
Alaska
Washington
Utah
Oregon
New Mexico
Cost of living
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2.
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New Mexico
Wyoming
Idaho
Arizona
Utah
Colorado
Montana
Nevada
Washington
Alaska
Oregon
California
Hawaii
Health care
1.
2.
3.
4.
5.
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Hawaii
New Mexico
Idaho
Arizona
Oregon
Utah
Montana
Colorado
Washington
Nevada
California
Wyoming
Alaska
WA
BACK
OR
ID
MT
WY
CA
NV
NM
CO
AZ
UT
AK
HI
Select a state to learn more
LESS COSTLY
MORE COSTLY
LESS COSTLY
MORE COSTLY
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LESS COSTLY
MORE COSTLY
California
California delivers stunning beaches and world-renowned vineyards, but these destinations come at a high cost. The state’s cost of living is the second-highest in the country — in fact, 1 in 10 residents over 65 are living in poverty. The Golden State also has the highest income tax rate in the country, though this is for those earning $1 million or more annually. Those earning more modest incomes are taxed at a lower rate, and Social Security income is not taxed. Adding to this bill, health care costs are also above average.
Taxes
Cost of living
Health care
State income tax range:
51.7%
Average combined state and local sales tax rate:
Median property tax rate:
To help you find the right place to live out your retirement, we’ve ranked all 50 states for tax-friendliness,
cost of living, and health care costs.
Click below to see how each state stacks up.
Estate tax or
inheritance tax:
1% – 13.3%
8.68%
$729 per $100,000
None
above the national average
Average health care costs for a retired couple:
$430,867
Methodology
Methodology
To rank each state, we scored them on three factors:
Health care Costs: This information is based on 2019 Kiplinger research that determines the average health care costs for a retired couple. States are assigned a value from 1 to 50, with 1 being the lowest health care costs for retired couples and 50 being the highest.
Cost of Living: We sourced information from figures collected by the Council for Community and Economic Research (C2ER) in November of 2020. Cost of living is defined as the amount of money needed to afford basic necessities including groceries, housing, utilities, and transportation. The cost of living percentages in this map are compared to the United States average cost of living, which is always valued at 100. States are assigned a value from 1 to 50, with 1 being the lowest cost of living and 50 being the highest.
Taxes: We sourced data found in Kiplinger’s State-by-State Guide to Taxes on Retirees published in December of 2020. This guide puts each state into one of five categories: most tax-friendly, tax-friendly, mixed, not tax-friendly, and least tax-friendly. States are divided based on their tax benefits, including income tax, sales tax, Social Security benefits, property taxes, and inheritance and estate taxes. Using Kiplinger’s rankings, we assigned each state a value from 1 to 50, with 1 being the most tax-friendly for retirees and 50 being the least tax-friendly.
Methodology
Methodology
To rank each state, we scored them on three factors:
Health care Costs: This information is based on 2019 Kiplinger research that determines the average health care costs for a retired couple. States are assigned a value from 1 to 50, with 1 being the lowest health care costs for retired couples and 50 being the highest.
Cost of Living: We sourced information from figures collected by the Council for Community and Economic Research (C2ER) in November of 2020. Cost of living is defined as the amount of money needed to afford basic necessities including groceries, housing, utilities, and transportation. The cost of living percentages in this map are compared to the United States average cost of living, which is always valued at 100. States are assigned a value from 1 to 50, with 1 being the lowest cost of living and 50 being the highest.
Taxes: We sourced data found in Kiplinger’s State-by-State Guide to Taxes on Retirees published in December of 2020. This guide puts each state into one of five categories: most tax-friendly, tax-friendly, mixed, not tax-friendly, and least tax-friendly. States are divided based on their tax benefits, including income tax, sales tax, Social Security benefits, property taxes, and inheritance and estate taxes. Using Kiplinger’s rankings, we assigned each state a value from 1 to 50, with 1 being the most tax-friendly for retirees and 50 being the least tax-friendly.
per
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Alabama
Get close access to all the retirement perks of Florida, but with a much lower cost of living. The Yellowhammer State offers low taxes for seniors, keeping Social Security and pension benefits exempt. The average income tax rate ranges from 2% to 5%. The cost of living is below the national average, as is the average income for a retired couple. Health care costs are also 4.4% less than the national average for retired couples.
BACK
Alaska
Alaska has the lowest national poverty rate for seniors at just 4.5%. The state also has the highest population of people 65 and older at just around 69,000. Those who decide to retire in Alaska can enjoy paying no state or income tax. They also receive an annual oil wealth savings dividend check as Alaska residents. Health care costs are slightly above average, coinciding with the cost of living which is above the national average.
$729 per $100,000 of assessed
home value
CA
AK
AL
RI
MA
ME
NH
VT
NY
PA
WV
VA
NC
SC
GA
FL
TN
KY
OH
IN
IL
WI
MI
MN
IA
MO
AR
LA
TX
OK
KS
NE
SD
ND
MT
WY
CO
NM
AZ
UT
ID
NV
OR
WA
CT
NJ
DE
MD
MS
BACK
Arizona
Enjoy your retirement with year-round sunshine and pleasant weather, as well as a wide range of outdoor activities. The Grand Canyon State’s living costs are slightly above average, though the income for a retired couple is below average at $47,973. However, some cities offer lower costs of living and health care costs are below average. Taxes are favorable for retirees here, as Social Security benefits are exempt from state income taxes.
BACK
Arkansas
Your dollar will stretch far in The Natural State, with its low cost of living and favorable tax benefits. In fact, Arkansas offers some of the lowest living costs and health care costs in the country. Taxes are favorable for retirees with tax exemptions for Social Security benefits and military pension income. Sales taxes are slightly high at an average of 9.51%, but overall this state is tax-friendly for seniors.
BACK
Colorado
Colorado's majestic mountains, world-class skiing, and attractive tax benefits are a big draw for any retiree. The Centennial State also offers some of the best health care benefits in the country with low obesity rates for seniors.
The state also has a low poverty rate for those 65 and over, though the cost of living is above the national average. Tax benefits are very favorable for seniors, as those 55 and older receive retirement-income exclusions and property tax exemptions.
How we ranked the states
Taxes
To rank all 50 states for retirement, we scored each state based on three factors:
Health care costs
Cost of living
Taxes
We sourced data found in Kiplinger’s Taxes in Retirement: How All 50 States Tax Retirees published in April 2021. Their ranking method puts each state into one of five categories: most tax-friendly, tax-friendly, mixed, not tax-friendly, and least tax-friendly. States are rated based on their tax benefits, including income tax, sales tax, Social Security benefits, property taxes, and inheritance and estate taxes.
We sourced information from figures collected by the Council for Community and Economic Research (C2ER) in November of 2020. Cost of living is defined as the amount of money needed to afford basic necessities including groceries, housing, utilities, and transportation. The cost of living percentages in this map are compared to the United States average cost of living, which is always valued at 100.
Cost of living
This information is based on 2018 Kiplinger research that determines the average health care costs for a retired couple in each state, compared to the U.S. average health care of $423,523.
Health care costs
MORE
MORE
(U.S. average: $423,523)
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$404,922
10.7%
below the national average
State income tax range:
Tax friendly:
2% – 5%
MORE
Average combined state and local sales tax rate:
9.22%
$395 per $100,000 of assessed
home value
None
Median property tax rate:
Estate tax or
inheritance tax:
MORE
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$467,743
29.9%
above the national average
State income tax range:
Ranking:
None
MORE
Average combined state and local sales tax rate:
1.76%
$1,182 per
$100,000 of assessed home value
None
Median property tax rate:
Estate tax or
inheritance tax:
MORE
Mixed
Ranking:
Tax
friendly
Raing:
Tax
friendly
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$408,721
3%
below the national average
State income tax range:
Ranking:
2.59% – 8%
Most
tax
friendly
MORE
Average combined state and local sales tax rate:
8.4%
$617 per $100,000
of assessed
home value
None
Median property tax rate:
Estate tax or
inheritance tax:
MORE
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$398,395
13.1%
below the national average
State income tax range:
Ranking:
0.75% – 5.9%
Most
tax
friendly
MORE
Average combined state and local sales tax rate:
9.51%
$612 per $100,000
of assessed
home value
None
Median property tax rate:
Estate tax or
inheritance tax:
MORE
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$415,210
5.6%
above the national average
State income tax range:
Ranking:
4.55%
(flat rate)
Most
tax
friendly
MORE
Average combined state and local sales tax rate:
7.72%
$494 per $100,000
of assessed
home value
None
Median property tax rate:
Estate tax or
inheritance tax:
MORE
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$439,191
27.7%
above the national average
State income tax range:
Ranking:
3% – 6.99%
Least
tax
friendly
MORE
Average combined state and local sales tax rate:
6.35%
$2,139 per $100,000
of assessed
home value
Estate
tax
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Connecticut
Though known for its high retirement costs, Connecticut boasts gorgeous foliage, seaside attractions, and access to exciting city life. The Constitution State offers few tax benefits for seniors with just a 28% pension or annuity
exemption in 2020. The cost of living is 27.7% above the national average, though the average income for a retired household is high at around $68,000. Health care costs are also above average in Connecticut, though the state has a low poverty rate for those 65 and up.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$414,416
8.1%
above the national average
State income tax range:
Ranking:
2.2% – 6.6%
Most
tax
friendly
MORE
Average combined state and local sales tax rate:
None
$562 per $100,000
of assessed
home value
None
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Delaware
Delaware is a top tax spot for retirees — and it's also a popular destination for American history buffs. With no sales tax, no death tax, and low property tax, seniors in the First State are likely to have a wealth of disposable income. The state also offers below average health care costs for retired couples, though the cost of living is slightly above average at 8.1%.
exemption in 2020. The cost of living is 27.7% above the national average, though the average income for a retired household is high at around $68,000. Health care costs are also above average in Connecticut, though the state has a low poverty rate for those 65 and up.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$425,025
2.1%
below the national average
State income tax range:
Ranking:
None
Tax
friendly
MORE
Average combined state and local sales tax rate:
7.08%
$830 per $100,000
of assessed
home value
None
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Florida
The Sunshine State is renowned for its retirement benefits, with ample access to top golf courses, sunny beaches, and tax-free spending. Maybe to attract those looking to settle down in Florida, the state boasts no state income tax, reasonable property taxes, and no Social Security benefits taxes. Health care costs are above average in the state, though the cost of living is 2.1% below the national average.
exemption in 2020. The cost of living is 27.7% above the national average, though the average income for a retired household is high at around $68,000. Health care costs are also above average in Connecticut, though the state has a low poverty rate for those 65 and up.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$404,460
10.8%
below the national average
State income tax range:
Ranking:
1% – 5.75%
Tax
friendly
MORE
Average combined state and local sales tax rate:
7.32%
$875 per $100,000
of assessed
home value
None
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Georgia
With its relaxing lakes, six pro sports teams, and gorgeous greenery, Georgia is a peachy retirement option for any senior. The state offers favorable tax rates with exemptions on Social Security income and up to $65,000 of
other types of retirement income, such as pensions and annuities, dividends, interest, capital gains, and more. Health care expenses are also below average here, and the cost of living comes in at 10.8% below the national average.
HI
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$375,273
92.9%
above the national average
State income tax range:
Ranking:
1.4% – 11%
Most
tax
friendly
MORE
Average combined state and local sales tax rate:
4.44%
$280 per $100,000
of assessed
home value
Estate tax
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Hawaii
As if the picturesque beaches and laid-back vibes weren't enough, Hawaii also boasts low taxes and health care costs for seniors. However, living in the state isn’t cheap. The Aloha State has the highest living costs in the
nation, which most likely explains why the average income for a retired couple is high at around $71,000. Luckily, the state also boasts an ideal health care system and health population according to the United Health Foundation. Health care costs come in below average and tax benefits are favorable with exemptions on Social Security benefits and pension income.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$407,942
7.7%
below the national average
State income tax range:
Ranking:
1.125% – 6.925%
Tax
friendly
MORE
Average combined state and local sales tax rate:
6.03%
$633 per $100,000
of assessed
home value
None
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Idaho
Retire in Idaho to enjoy postcard-worthy scenery and quick access to national parks like Yellowstone and Grand Teton. The tax picture is favorable in the Gem State with income tax exemptions on Social Security and Railroad Retirement benefits. Other deductions on retirement benefits are available for qualifying public pensions. The cost of living in this state is slightly below the national average, as are health care costs for retired couples.
nation, which most likely explains why the average income for a retired couple is high at around $71,000. Luckily, the state also boasts an ideal health care system and health population according to the United Health Foundation. Health care costs come in below average and tax benefits are favorable with exemptions on Social Security benefits and pension income.
above the national average
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$435,889
5.5%
below the national average
above the national average
State income tax range:
Ranking:
4.95%
(flat rate)
Least
tax
friendly
MORE
Average combined state and local sales tax rate:
8.82%
$2,165 per $100,000
of assessed
home value
Estate tax
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Illinois
Retire in Illinois to enjoy a charming small-town life with quick access to big cities including Chicago. While the Prairie State offers Social Security benefits and retirement income tax exemptions, it also charges high property taxes — the second-
highest in the country, in fact. Sales taxes are relatively high as well, making this state the second-worst for retirement taxes after New Jersey. While the cost of living is 5.5% below the national average, annual health care costs are above average for a retired couple.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$425,365
10%
below the national average
above the national average
State income tax range:
Ranking:
3.23%
(flat rate)
Not
tax
friendly
MORE
Average combined state and local sales tax rate:
7%
$810 per $100,000
of assessed
home value
None
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Indiana
Besides a low cost of living, the Hoosier State also offers historic architecture and gorgeous walking paths. However, a low average income for retired couples (around $42,000) may cancel out the low living cost benefits. Health care costs are
similar to the national average in this state, but overall Indiana is not considered a favorable financial destination for retirees. With high state income taxes, average sales and property taxes, and possible county income taxes, Indiana has little to offer in the way of financial relief. However, it’s worth noting that the state does have Social Security benefit exemptions and some limited exemptions for military pensions.
Estate tax
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$399,991
9.9%
below the national average
above the national average
State income tax range:
Ranking:
0.33% – 8.53%
Least
tax
friendly
MORE
Average combined state and local sales tax rate:
6.94%
$1,529 per $100,000
of assessed
home value
None
Estate tax
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Iowa
Settle down in America's Heartland to enjoy the beautiful scenery and sprawling metro areas of Iowa. However, you may need to be wary of the state’s property taxes and high income taxes. Social Security benefits, military pensions, and Railroad Retirement income are not taxed, and those 55 and up can add up to $6,000 in tax exclusions. Luckily, the cost of living is 9.9% below the national average as are health care costs for retired couples.
similar to the national average in this state, but overall Indiana is not considered a favorable financial destination for retirees. With high state income taxes, average sales and property taxes, and possible county income taxes, Indiana has little to offer in the way of financial relief. However, it’s worth noting that the state does have Social Security benefit exemptions and some limited exemptions for military pensions.
Inheritance
tax
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$412,773
11%
below the national average
above the national average
State income tax range:
Ranking:
3.1% – 5.7%
Least
tax
friendly
MORE
Average combined state and local sales tax rate:
8.69%
$1,369 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Kansas
With its low cost of living, plentiful outdoor activities, and laid-back atmosphere, it's no wonder Dorothy said, "there's no place like home." Unfortunately, the state is not considered tax-friendly for seniors as private retirement plan distributions and out-of-state
public pensions are fully taxed. Seniors with a federal adjusted gross income of $75,000 or more are also taxed on Social Security benefits. The cost of living and health care costs are below average in the Sunflower State, but that may not be enough to make up for the grim tax outlook.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$420,375
9.1%
below the national average
above the national average
State income tax range:
Ranking:
5% (flat rate)
Tax
friendly
MORE
Average combined state and local sales tax rate:
6%
$829 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Kentucky
With its rolling hills and photo-worthy sunsets, the Bluegrass State is a relatively affordable option for seniors looking to retire. Kentucky is tax-friendly to seniors, offering exemptions on Social Security benefits, public and private pensions, and up to
$31,110 on various retirement income sources. The cost of living is affordable at 9.1% below the national average. Health care costs are about average, but the state is ranked second-worst on senior health, according to the United Health Foundation, with high rates of smoking, poverty, and physical inactivity.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$432,292
6.1%
below the national average
above the national average
State income tax range:
Ranking:
2% – 6%
Tax
friendly
MORE
Average combined state and local sales tax rate:
9.52%
$534 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Louisiana
The Bayou State is known for its incredible cuisine, endless activities, and warm weather. The state also offers seniors low costs of living and a wealth of tax breaks. Tax exemptions extend to Social Security benefits and military and government pensions.
Seniors can also receive exemptions on up to $6,000 in private pensions and annuities. Property taxes are low, but sales taxes are relatively high. Unfortunately, seniors will also find health care costs and poverty rates higher than the national average.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$401,781
17.5%
below the national average
above the national average
State income tax range:
Ranking:
5.8% – 7.15%
Not
tax
friendly
MORE
Average combined state and local sales tax rate:
5.5%
$1,295 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Maine
Maine offers retirees unbeatable New England charm, low health care costs, and spectacular waterfront views. Living costs are below average in the Pine Tree State, though the average income for a senior household is also low at just around $40,000. Seniors will also find below-average health care costs and an unfriendly tax picture. Property taxes are high as are income tax rates. Social Security benefits are exempt from taxation, but just $10,000 of eligible pension income can be deducted.
Seniors can also receive exemptions on up to $6,000 in private pensions and annuities. Property taxes are low, but sales taxes are relatively high. Unfortunately, seniors will also find health care costs and poverty rates higher than the national average.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$436,074
29.7%
below the national average
above the national average
State income tax range:
Ranking:
2% – 5.75%
Mixed
MORE
Average combined state and local sales tax rate:
6%
$1,057 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Maryland
Retire in Maryland to take advantage of world-class Chesapeake Bay fishing and more than 4,000 miles of shoreline. Retirees might be attracted to the state’s average senior income, which is the second-highest in the nation at around $70,000.
However, tax disadvantages could cancel out that number. The state does not tax Social Security benefits, and some seniors may qualify for exemptions for retirement accounts and pensions. But any excess income is heavily taxed, and some counties have their own income taxes. Additionally, health care and living costs are also above average.
Both
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$450,383
31.6%
below the national average
above the national average
State income tax range:
Ranking:
5% (flat rate)
Not
tax
friendly
MORE
Average combined state and local sales tax rate:
6.25%
$1,170 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Massachusetts
The Pilgrim State is a top attraction for American history buffs and sports fanatics alike. However, retirees may find their wallets significantly lighter if they choose to settle down here. Both health care costs and living costs are well above average, though the income
for a senior household is also above average. Additionally, Massachusetts is not considered a tax-friendly state. While the state doesn’t tax Social Security and some pension income, all other retirement income is taxed at 5%. Property taxes are also high, though seniors 65 and up may be eligible for a refundable tax credit.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$423,608
11.1%
below the national average
above the national average
State income tax range:
Ranking:
4.25%
(flat rate)
Not
tax
friendly
MORE
Average combined state and local sales tax rate:
6%
$1,448 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Michigan
Enjoy all four seasons with unbeatable Great Lakes sailing and stunning fall foliage. Michigan offers some positive benefits for retirees with a cost of living 11.1% below the national average and a senior poverty rate at a low of 8.1%. However, health care costs
are fairly average, and tax laws are not too friendly. While Social Security benefits are not taxed, seniors born after 1952 must choose between a $20,000 tax deduction or Social Security benefit exemption. Laws get more complicated for those born before 1946, or between 1946 and 1952.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$422,815
1.6%
below the national average
above the national average
State income tax range:
Ranking:
5.35% – 9.85%
Not
tax
friendly
MORE
Average combined state and local sales tax rate:
7.46%
$1,082 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Minnesota
Known as the Land of 10,000 Lakes, Minnesota is a top spot for retirees who love to hike, bird-watch, hunt, and boat. However, the state is not the friendliest in the country when it comes to tax laws. Unlike in most other states, Social Security benefits are taxable,
though there are some small deductions possible. Some seniors may also qualify for special income tax deductions. Minnesota also taxes IRAs, 401(k) plans, and pensions, unless they are military pensions. The cost of living is slightly higher than the national average at just 1.6% above, and health care costs for retired couples are also around the national average.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$423,267
13.9%
below the national average
above the national average
State income tax range:
Ranking:
3% – 5%
Tax
friendly
MORE
Average combined state and local sales tax rate:
7.07%
$787 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Mississippi
Bask in Southern charm with Mississippi’s lush landscapes, year-round warm weather, and a low cost of living. The Hospitality State lives up to its name with a friendly tax environment for seniors. Social Security benefits and pensions are exempt from state income taxes,
as are IRA and 401(k) withdrawals. Property taxes are below the national average at $787 per 100,000 of assessed home value, with a decent exemption for those 65 and up. The cost of living is 13.9% below the national average, and annual health care costs are around average at $423,267.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$408,746
12.9%
below the national average
above the national average
State income tax range:
Ranking:
1.5% – 5.4%
Mixed
MORE
Average combined state and local sales tax rate:
8.25%
$930 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Missouri
The Show Me State has little to tell in the way of retirement advantages. The low living costs go hand in hand with relatively low household incomes. The tax situation is moderate: If your adjusted gross income is less than $85,000 for single filers ($100,000
for couples filing jointly), your Social Security benefits are not taxed and you can deduct a portion of your public retirement benefits. One notable downside: Missouri ranks low at 42nd in the nation for senior health with a high percentage of low-care nursing home residents and a high prevalence of smoking, according to the United Health Foundation.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$413,031
6.9%
below the national average
above the national average
State income tax range:
Ranking:
1% – 6.9%
Tax
friendly
MORE
Average combined state and local sales tax rate:
None
$831 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Montana
Montana is known as "Big Sky Country" for good reason. Enjoy a peaceful retirement with access to the world's best mountains, lakes, and vistas. The state earns points for having no general state sales tax, but loses some for taxing almost all retirement income,
including Social Security benefits and some pensions and annuities. Property tax rates are fair and homeowners and renters 62 and up may be eligible for refundable income tax credits of up to $1,000. Living costs are 6.9% above the national average while the income for seniors is about 20% below average. Fortunately, health care costs are below average.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$418,079
9.2%
below the national average
above the national average
State income tax range:
Ranking:
2.46% – 6.84%
Least
tax
friendly
MORE
Average combined state and local sales tax rate:
6.94%
$831 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Nebraska
The Cornhusker State offers seniors affordable living, friendly communities, and the signature laid-back pace only found in the Midwest. However, seniors may not appreciate the state’s tax laws, which include high income tax rates. Nebraska also taxes Social Security benefits over a certain amount, as well as pensions, IRAs, and 401(k) plans. The cost of living is relatively low at 9.2% below the national average, as are health care costs, which average $418,079 annually for retired couples.
including Social Security benefits and some pensions and annuities. Property tax rates are fair and homeowners and renters 62 and up may be eligible for refundable income tax credits of up to $1,000. Living costs are 6.9% above the national average while the income for seniors is about 20% below average. Fortunately, health care costs are below average.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$429,243
8.5%
below the national average
above the national average
State income tax range:
Ranking:
None
Most
tax
friendly
MORE
Average combined state and local sales tax rate:
8.23%
$533 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Nevada
Besides offering some of the best national tax benefits, Nevada also provides year-round sunshine, world-class golf courses, and exciting nightlife activities. A huge pro of the Silver State is that there is no state income tax. Property taxes are below the national
average, though sales taxes are relatively high at an average of 8.23%. Average health care costs are slightly above average at $429,243 per year, while the cost of living is 8.5% above the national average. It’s worth noting that the state has a low senior poverty rate of 8.4%.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$424,052
9.7%
below the national average
above the national average
State income tax range:
Ranking:
None
Not
tax
friendly
MORE
Average combined state and local sales tax rate:
None
$2,050 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
New Hampshire
With its quaint towns and gorgeous fall scenery, the Granite State is an attractive New England spot for retirees. The state may seem tax-friendly upon first glance with no taxes on Social Security benefits, pensions, or other retirement plans, and no general
income or sales tax. However, the state’s property tax rate is one of the highest in the nation, with little exemptions for seniors. The state ranks fifth in the nation for senior health according to the United Health Foundation, though health care costs are relatively average. Additionally, the cost of living comes in at 9.7% above the national average.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$440,299
25.1%
below the national average
above the national average
State income tax range:
Ranking:
1.4% – 10.75%
Least
tax
friendly
MORE
Average combined state and local sales tax rate:
6.6%
$2,417 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
New Jersey
Retire in the Garden State and enjoy easy access to New York City, gorgeous shoreline, and rich Pinelands forests. However, New Jersey ranks lowest in the nation for tax-friendliness with massive property tax rates of $2,417 per $100,000 of assessed home value.
It’s worth noting that Social Security benefits are not taxed and the state does offer income tax exemptions for seniors. To make matters worse, the cost of living is 25.1% above the national average and health care costs are also above average at $440,299 for retired couples.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$380,164
12.5%
below the national average
above the national average
State income tax range:
Ranking:
1.7% – 5.9%
Not
tax
friendly
MORE
Average combined state and local sales tax rate:
7.83%
$776 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
New Mexico
Known as the Land of Enchantment, New Mexico offers a warm, sunny climate, vibrant culture, and favorable health care and living costs. However, tax rates may leave retirees wanting more. The state taxes Social Security benefits, pensions, and retirement
plans. Some seniors may qualify for exemptions of up to $8,000. Luckily, property taxes are low and if you live to age 100, you won’t have to pay state income tax at all. Some other pros of retiring in New Mexico include below-average health care costs of $380,164 for retired couples, and a cost of living 12.5% below the national average.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$433,347
39.1%
below the national average
above the national average
State income tax range:
Ranking:
4% – 10.9%
Least
tax
friendly
MORE
Average combined state and local sales tax rate:
8.52%
$1,692 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
New York
Whether you prefer the beautiful upstate region or the vibrant NYC culture, New York offers endless activities for retirees. It should come as no surprise that Manhattan is the most expensive place to live in the nation — so look outside the Big Apple for
affordability. The state’s cost of living is 39.1% above the national average, and areas upstate may be ideal for seniors looking to save. When it comes to taxes, sales and income taxes are high, though seniors may find worthwhile exemptions. Social Security benefits are not taxed, and health care costs are slightly above average at $433,347 for a retired couple.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$406,849
5.1%
below the national average
above the national average
State income tax range:
Ranking:
5.25%
(flat rate)
Mixed
MORE
Average combined state and local sales tax rate:
6.98%
$773 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
North Carolina
When you retire in North Carolina, you'll spend your golden years enjoying the country's best BBQ, stunning east coast beaches, and beautiful scenic views. Retirees will also enjoy living costs 5.1% below the national average and average annual health care costs at just $406,849 for retired couples. The state does not tax Social Security benefits, but it offers few income tax exemptions for seniors. Luckily, property taxes and sales taxes are relatively low.
affordability. The state’s cost of living is 39.1% above the national average, and areas upstate may be ideal for seniors looking to save. When it comes to taxes, sales and income taxes are high, though seniors may find worthwhile exemptions. Social Security benefits are not taxed, and health care costs are slightly above average at $433,347 for a retired couple.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$414,455
1.2%
below the national average
above the national average
State income tax range:
Ranking:
1.1% – 2.9%
Mixed
MORE
Average combined state and local sales tax rate:
6.96%
$986 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
North Dakota
The Peace Garden State is one of the least-populated areas of the US, giving retirees abundant room to enjoy practically endless fishing and hunting seasons. When it comes to retirement benefits, the state sits almost in the middle of most categories. The cost of living is just 1.2% below the national average, as are health care costs, at $414,455 annually for a retired couple. The tax picture is mixed, though North Dakota is one of only a few states that taxes Social Security benefits, pensions, and retirement plans.
affordability. The state’s cost of living is 39.1% above the national average, and areas upstate may be ideal for seniors looking to save. When it comes to taxes, sales and income taxes are high, though seniors may find worthwhile exemptions. Social Security benefits are not taxed, and health care costs are slightly above average at $433,347 for a retired couple.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$417,912
9.2%
below the national average
above the national average
State income tax range:
Ranking:
2.85% – 4.797%
Not
tax
friendly
MORE
Average combined state and local sales tax rate:
7.23%
$1,478 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Ohio
Retire in the Buckeye State to enjoy popular fishing and boating spots, as well as a thriving arts scene. Its retirement benefits are somewhat in the middle, though cost of living is favorable at 9.2% below the national average. Average health care costs for retired couples are
also low at $417,912 annually. However, the state is not particularly tax-friendly. Property taxes are high, though people 65 and up could qualify for certain exemptions. The state does not tax Social Security benefits, though other exemptions may not be available for seniors who make $100,000 or more per year.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$420,195
13%
below the national average
above the national average
State income tax range:
Ranking:
0.5% – 5%
Mixed
MORE
Average combined state and local sales tax rate:
8.95%
$869 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Oklahoma
With its low cost of living, rich Native American culture, and endless man-made lakes, the Sooner State is an attractive option for those nearing retirement. The state’s low cost of living comes in at 13% below the national average. Health care costs for retired
couples are about average at $420,195. The tax picture is mixed, as the state doesn’t tax Social Security benefits, but has some of the highest sales tax rates in the country. Certain retirement income tax benefits, including exemptions of up to $10,000 per person, may also be available to seniors.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$412,398
34.2%
below the national average
above the national average
State income tax range:
Ranking:
4.75% – 9.9%
Mixed
MORE
Average combined state and local sales tax rate:
None
$903 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Oregon
Oregon is known for its temperate climate, making it a gardener's dream. And Portland's unique attractions mean seniors will never run out of things to do. The state does not tax Social Security benefits, but it levies some of the highest income tax rates in the
country, sometimes as high as 9.9%. However, the state does not have sales tax and some seniors may be eligible for retirement income credits. The cost of living is very high here at 34.2% above the national average, and health care costs are below average for retired couples.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$411,414
1.7%
below the national average
above the national average
State income tax range:
Ranking:
3.07%
(flat rate)
Not
tax
friendly
MORE
Average combined state and local sales tax rate:
6.34%
$1,499 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Pennsylvania
Known for its fascinating role in American history, as well as its tasty Philly cheesesteaks, Pennsylvania is a top spot for retirees. Though the state does not tax Social Security benefits or other retirement income types, property taxes are very high. The cost of living is just 1.7% above the national average, and average health care costs for retired couples are below average at $411,414.
country, sometimes as high as 9.9%. However, the state does not have sales tax and some seniors may be eligible for retirement income credits. The cost of living is very high here at 34.2% above the national average, and health care costs are below average for retired couples.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$428,144
19.4%
below the national average
above the national average
State income tax range:
Ranking:
3.75% – 5.99%
Not
tax
friendly
MORE
Average combined state and local sales tax rate:
7%
$1,533 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Rhode Island
Though it's the smallest state, Rhode Island offers some major benefits, such as museums, New England beaches, and access to bustling cities. However, this little state comes with big costs. Cost of living comes in at 19.4% above the national average, and health care costs for retired couples are also high at an average of $428,144 annually. The state is also unfriendly to retirees when it comes to taxes. Social Security benefits are taxed if a senior’s adjusted gross income is higher than $107,950.
country, sometimes as high as 9.9%. However, the state does not have sales tax and some seniors may be eligible for retirement income credits. The cost of living is very high here at 34.2% above the national average, and health care costs are below average for retired couples.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$408,343
4.1%
below the national average
above the national average
State income tax range:
Ranking:
3% – 7%
Most
tax
friendly
MORE
Average combined state and local sales tax rate:
7.46%
$545 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
South Carolina
South Carolina boasts great tax benefits, year-round warm weather, and top spots for hiking, boating, and beach-lounging. The Palmetto State has some of the nation’s friendliest tax laws for retirees. Social Security benefits are exempt from taxes, and those 65 and up are able to exclude up to $15,000 of their retirement income. Property taxes are low too, and some seniors can claim a homestead exemption. Cost of living and health care costs for retired couples are also low at 4.1% below average and $408,343 respectively.
country, sometimes as high as 9.9%. However, the state does not have sales tax and some seniors may be eligible for retirement income credits. The cost of living is very high here at 34.2% above the national average, and health care costs are below average for retired couples.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$415,297
0.2%
below the national average
above the national average
State income tax range:
Ranking:
None
Mixed
MORE
Average combined state and local sales tax rate:
6.4%
$1,219 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
South Dakota
Colorful autumns and warm summers mean retirees can bask in all the outdoors have to offer, including hiking, fishing, boating, and hunting. The Mount Rushmore State also offers favorable health care costs at $415,297 per year for retired couples. The cost of living is just 0.2% below the national average, and the tax picture is mixed. The state does not levy income taxes, protecting Social Security benefits and other types of retirement income. Property taxes are fairly high, but sales taxes are relatively low.
country, sometimes as high as 9.9%. However, the state does not have sales tax and some seniors may be eligible for retirement income credits. The cost of living is very high here at 34.2% above the national average, and health care costs are below average for retired couples.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$411,617
11.3%
below the national average
above the national average
State income tax range:
Ranking:
None
Most
tax
friendly
MORE
Average combined state and local sales tax rate:
9.55%
$636 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Tennessee
The Volunteer State ranks favorably on our financial lists, but it's also the ideal spot for outdoorsy folks with its nearby beaches and access to the Appalachian Mountains. The state earns points for its low cost of living, which is 11.3% below the national average. Health care costs for retired couples are also low at $411,617 annually. As if that wasn’t enough, Tennessee is also very tax-friendly for retirees with no income tax, below average property taxes, and tax relief programs for eligible seniors.
country, sometimes as high as 9.9%. However, the state does not have sales tax and some seniors may be eligible for retirement income credits. The cost of living is very high here at 34.2% above the national average, and health care costs are below average for retired couples.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$430,561
8.5%
below the national average
above the national average
State income tax range:
Ranking:
None
Least
tax
friendly
MORE
Average combined state and local sales tax rate:
8.19%
$1,692 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Texas
As one of the biggest states, Texas has a lot to offer retirees, including a lively music culture, delicious Tex-Mex dishes, and Southern charm. But surprisingly, the Lone Star State is not considered tax-friendly for retirees even though it has no income tax. The state has a high median property tax rate at $1,692 per $100,000 of assessed home value. The cost of living is 8.5% below the national average, and health care costs are above average at $430,561.
country, sometimes as high as 9.9%. However, the state does not have sales tax and some seniors may be eligible for retirement income credits. The cost of living is very high here at 34.2% above the national average, and health care costs are below average for retired couples.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$412,641
1.6%
below the national average
above the national average
State income tax range:
Ranking:
4.95%
(flat rate)
Mixed
MORE
Average combined state and local sales tax rate:
7.19%
$575 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Utah
Five national parks, the world's top ski slopes, and stunning mountain views make the Beehive State one of the best areas for outdoor recreation. The state is one of the friendliest for senior health with below average annual health care costs of $412,641 for retired couples. The state also ranks second in the nation for senior health according to the United Health Foundation. The cost of living is just 1.6% below the national average, and the tax picture is fairly mixed. Utah does tax Social Security benefits, though property taxes are favorable.
country, sometimes as high as 9.9%. However, the state does not have sales tax and some seniors may be eligible for retirement income credits. The cost of living is very high here at 34.2% above the national average, and health care costs are below average for retired couples.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$408,038
14.5%
below the national average
above the national average
State income tax range:
Ranking:
3.35% – 8.75%
Least
tax
friendly
MORE
Average combined state and local sales tax rate:
6.24%
$1,861 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Vermont
Vermont is a picture-perfect New England state with its tight-knit towns, acres of lush hills, and vibrant autumns. However, a cost of living 14.5% above the national average and a steep income tax rate could deter some retirees. The state also taxes Social Security benefits for some seniors, and the property tax rate is the fifth-highest in the country. However, health care costs for retired couples are below average at $408,038 per year.
country, sometimes as high as 9.9%. However, the state does not have sales tax and some seniors may be eligible for retirement income credits. The cost of living is very high here at 34.2% above the national average, and health care costs are below average for retired couples.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$408,950
0.7%
below the national average
above the national average
State income tax range:
Ranking:
2% – 5.75%
Tax
friendly
MORE
Average combined state and local sales tax rate:
5.73%
$804 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Virginia
Virginia is a top spot for retirees with quick access to the Blue Ridge Mountains and Washington, D.C.'s historical landmarks and monuments. The Old Dominion State is considered tax-friendly to retirees because it does not tax Social Security benefits, and those
65 and up can deduct up to $12,000 in income taxes. Sales and property taxes are also below average, and the cost of living is just 0.7% above the national average. Health care costs are also favorable for retired couples at an average of just $408,950 annually.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$420,480
10.7%
below the national average
above the national average
State income tax range:
Ranking:
None
Mixed
MORE
Average combined state and local sales tax rate:
9.23%
$929 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
Washington
Settling down in the Pacific Northwest is ideal for retirees who love the outdoors, world-famous coffee, and keeping up with professional sports teams. The Evergreen State can be fairly expensive with a cost of living 10.7% above the national average.
Health care costs are about average at $420,480 annually for retired couples. The tax picture here is mixed as the state does not tax Social Security benefits and does not levy income taxes, but has very high sales tax rates at an average of 9.23%.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$404,606
8.9%
below the national average
above the national average
State income tax range:
Ranking:
3% – 6.5%
Mixed
MORE
Average combined state and local sales tax rate:
6.5%
$571 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
MORE
BACK
West Virginia
Dubbed the Mountain State, West Virginia offers retirees a variety of outdoor activities, including kayaking, fishing, birding, and hiking. Health care costs for retired couples are some of the lowest in the country at an average of $404,606. However, the cost of
living is slightly high at 10.7% above the national average. The tax picture is mixed, as taxation of Social Security benefits will be phased out by 2022. Right now those benefits are taxed, and seniors may be eligible for exemptions for government pensions and other general income.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$423,978
2.7%
below the national average
above the national average
State income tax range:
Ranking:
3.54% – 7.65%
Least
tax
friendly
MORE
Average combined state and local sales tax rate:
5.43%
$1,684 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
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Wisconsin
Known for its tasty cheese and professional sports teams, Wisconsin also offers retirees access to beautiful lakes and sprawling forests. However, the Badger State is considered one of the least tax-friendly for retirees with the eighth-highest property taxes in the country. On the other hand, sales taxes are low and Social Security benefits are exempt. Cost of living is affordable at 2.7% below the national average, and health care costs for retired couples are about average at $423,978.
Taxes
Cost of living
Health care
Average health care costs for a retired couple:
(U.S. average: $423,523)
$430,916
10.7%
below the national average
above the national average
State income tax range:
Ranking:
None
Most
tax
friendly
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Average combined state and local sales tax rate:
5.33%
$575 per $100,000
of assessed
home value
None
Estate tax
Inheritance
tax
Both
Median property tax rate:
Estate tax or
inheritance tax:
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Wyoming
Wyoming ranks favorably on our lists, and access to Yellowstone National Park, Jackson Hole, and other beautiful vistas make this state a popular retirement option. The Equality State is
considered one of the most tax-friendly for retirees with no income, estate, or inheritance taxes. Sales and property taxes are also low, and Social Security benefits are not taxed. The cost of living is 10.7% below the national average, though health care costs are above the national average at $430,916 annually for retired couples.
