23. Wisconsin
Cost of living: 4 percent below U.S. average
Population: 5.8 million
Best city: Madison
PRO: Living costs are low and for low-income residents, there are some tax breaks on their retirement income. This place is also known for making some of the best cheese in the nation!
23. Wisconsin
CON: Taxes here are not exactly low, and it is also the state with the lowest retirement income in the nation. Even though Social Security is exempt from tax, other retirement income is not. All that, along with the fact that healthcare costs here are higher than the national average, are definitely things to consider when moving somewhere new.
NEXT: The largest bottle of ketchup lives in this state.
22. Illinois
Cost of living: 4 percent below U.S. average
Population: 12.9 million
Best city: Leland Grove
PRO: Illinois has been in financial decline for a while now, and although this does mean instability in some ways, it also means that living costs are lower than the national average, making it more affordable. Leland Grove was ranked as the best place to retire in Illinois by Niche.
22. Illinois
CON: However, the fragility of its’ fiscal standing has put the state in the second-to-last place in the ranking of fiscal stability. All that means that tax breaks on an assortment of retirement incomes are not secure, as well as high sales taxes.
NEXT: This state is very well known for its’ potatoes!
