25. Maine
Cost of living: 2 percent below the U.S. average
Population: 1.3 million
Best city: Portland
PRO: By the ocean, if you like the occasional lobster then this is a great place, where you never have to go too far to get the good stuff! Healthcare expenses and living costs are below the national average, which can be very helpful for retirees.
25. Maine
CON: Tax in Maine is alright, neither terrible nor wonderful. Most retirement income is taxable, but Social Security is not taxed and estate tax applies only to estates worth over $11.8 million. Kiplinger says that income levels are not high in this state, and the general statistic is that seniors here have an income which is 25.2percent under the national average.
NEXT: Social Security, pensions and retirement account withdrawals from its state income tax are exempt in this state.
24. Pennsylvania
Cost of living: 3 percent below U.S. average
Population: 12.8 million
Best city: Pittsburgh
PRO: According to Forbes, Pittsburgh is the best city in all of the United States when it comes to retirement. It is extremely walkable and bikeable, and there is a very high number of doctors per capita! Pennsylvania, in general, has inexpensive healthcare and a fair bit of tax breaks, all great for retirees.
24. Pennsylvania
CON: Pennsylvania’s budget is not too secure, which raises questions about its future. States which are financially unreliable may end up raising taxes which could have an effect on the retiree population. According to George Mason University, the state rates 45 out of 50 in terms of fiscal health.
NEXT: This states’ capital city’s official bird is… The plastic lawn flamingo. True story.
