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

Published on 08/20/2019
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Maryland

Perhaps Maryland is the ideal retirement place for you. The state has a population of 6 million, and its retiree population likes living in Chevy Chase Village. The average household income for seniors is the second highest across the country at $70,874. This might be enough to offset the cost of living, which is 17 percent higher than the U.S. average. You can also go to Baltimore or even Washington D.C., so there are plenty of things to do in and around the state. While individuals make more money than most places in the U.S., keep in mind that they get taxed heavily. Social Security is not taxed but distributions from individual retirement accounts are. There is also an inheritance and estate tax.

Maryland

Maryland

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Colorado

Let us find out if you should live out your Golden Years in Colorado. It has a population of 5.4 million and a cost of living that is 17 percent higher than the national average. The nicest city in the area happens to be Colorado Springs. The state ranked fourth in the senior health rankings conducted by the United Health Foundation. Do you think the Centennial State residents will also go on to be over a hundred years old? Keep in mind that the real estate market is competitive in Denver and the like. You will also need to adjust to the high altitude of the state, but the weather is generally nice at the very least.

Colorado

Colorado

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