Here Are The Best States To Retire, Ranked From Most Expensive To Cheapest

Published on 08/20/2019
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Idaho

Nature lovers will have a blast in Idaho with its rugged landscape, lakes, canyons, and mountains. It has a population of 1.6 million as well as an affordable cost of living at 5 percent below the national average. Sandpoint is awesome for retirees, but not if you want a big city lifestyle. The tax-friendliness is also a mixed bag for senior citizens. State tax is six percent, while state income tax is more than seven percent. On the downside, Social Security is not taxed and there is no estate or inheritance tax.

Idaho

Idaho

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New Mexico

New Mexico is a great and peaceful place, so do not be fooled by what Breaking Bad and Beter Call Saul might tell you. The cost of living is 5 percent lower than the national average. As of 2018, it has a population of 2.095 million. SmartAsset says Taos is the best city in the state. The tax situation is less than ideal, however. According to Kiplinger, it is the “Least Tax-Friendly” state since they tax retirement income. However, low-income seniors might expect benefits to offset that!

New Mexico

New Mexico

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