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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11. Ohio

Cost of living: 12 percent below U.S. average
Population: 11.6 million
Best city: Bellbrook
PRO: Ohio is a great central location for visiting friends and family, or just vacationing, on either coast. Social Security is not taxed here and the living costs are 12 percent below average.

11. Ohio

11. Ohio

CON: The average income for seniors here is around $42,667, so even though the fact that living costs are low and exemption from Social Security is appealing; if you don’t have a lot of savings it could be more of a struggle.
NEXT: Every Sunday during the month of June is “Log Cabin Day” in this state.

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10. Michigan

Cost of living: 12 percent below U.S. average
Population: 9.9 million
Best city: Farmington
PRO: Michigan is appealing for those in retirement as the living costs are low, and Social Security isn’t taxed. There is also a low poverty rate in the Great Lakes state, as well as expansive water sports and activities during the spring and summer months.

10. Michigan

10. Michigan

CON: The tax situation in Michigan will become slightly more complicated next year. In 2020, those over 67 years of age will be given the choice between deducting $20K off each individual’s income or off Social Security income.
NEXT: The house in Grant Wood’s famous American Gothic painting is in this state.

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