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

Published on 07/28/2019
ADVERTISEMENT

7. Kansas

Cost of living: 14 percent below average
Population: 2.9 million
Best city: Eureka
PRO: The Sunflower State has a pretty low cost of living and gorgeous plains and prairies which will be appealing and enjoyable to the lovers of nature out there.

7. Kansas

7. Kansas

CON: Kansas has some financial troubles at the moment so in order to fix its budget deficit it is raising taxes accordingly. So if you are on a tight budget the fact that most retirement incomes, as well as Social Security, will be taxed somewhere between 3.1 and 5.7 percent, may make a difference to you.
NEXT: This state is also known as the “Horse Capital of the World”

ADVERTISEMENT

6. Kentucky

Cost of living: 14 percent below average
Population: 4.4 million
Best city: Lexington
PRO: Although not the healthiest place for retirees, also known as the Bluegrass State, Kentucky has low living costs as well as quite a few tax breaks. Social Security plus $41,110 of income are exempt from tax.

6. Kentucky

6. Kentucky

CON: Senior health costs are neither cheaper nor more expensive than other states – about average for the U.S., however it ranks badly for senior health. There are high rates of physical inactivity, smoking, and poverty here, as well as low numbers of quality nursing homes for senior care.
NEXT: This state was where Root Beer was invented!

ADVERTISEMENT