Mississippi
Mississippi offers awesome tax breaks and a cost of living that is 15 percent lower than the national average. There are 3 million people in the Magnolia State. The Hide-A-Way Lake area does not only have a great name, but it is also ideal for retirees! Anyway, it offers tax exemptions on IRAs, 401Ks, and other Social Security incomes. The property taxes are lower than most of the country as well. However, keep in mind it has a high senior poverty rate and a pretty bad senior health ranking.
Mississippi
Indiana
We are down to the last few states! Indiana is one of our top choices. This state has an affordable cost of living that is lower than 15 percent below the national average. There are 6.6 million in the state. For retirees, it does not get much better than Meridian Hills. However, Indiana is still the best for seniors that have saved a lot of money since the annual income is lower than the average across the country. In fact, it is 21.4 percent below the U.S. average! Retirement income, except Social Security, is also taxable.
Indiana
