Ranked According To Cost Of Living, These Are The Best States To Retire In. What Do You Think?

Published on 07/28/2019
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21. Idaho

Cost of living: 5 percent below the U.S. average
Population: 1.6 million
Best city: Sandpoint
PRO: Idaho offers a variety of natural environments that will surely be enticing to nature lovers. The nature is gorgeous and varied; there is a breathtaking rugged landscape, snow-capped mountains, canyons, and lakes. The cost of living here is quite low, as well as the number of tax breaks, allowing retirees to live their Golden Years more comfortably.

21. Idaho

21. Idaho

CON: Another place which is more for nature lovers than for the city dwellers. The tax laws are a mixed bunch here for seniors; the state tax is six percent while the state income tax is a little over seven percent, but there is no tax on Social Security as well as no inheritance or estate taxes.
NEXT: This state was home to a number of celebrities such as Georgia O’Keeffe, John Denver, and Jeff Bezos.

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20. New Mexico

Cost of living: 5 percent below U.S. average
Population: 2.095 million (as of 2018, says U.S. Census Bureau)
Best city: Taos, says SmartAsset
PRO: Some recent television series, such as Breaking Bad and Better Call Saul, may have given this state a bit of a bad name. But don’t be fooled! New Mexico is extremely peaceful, as well as a very beautiful place to live.

20. New Mexico

20. New Mexico

CON: While its gorgeous golden sunsets and beautiful deserts may be wonderful, it was the rated “Least Tax-Friendly” state by Kiplinger. There is a tax on retirement income here, however, low-income seniors may be eligible for benefits.
NEXT: This state’s best city for retirees has a very strong local economy, making it a great place for those looking to work in retirement.

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