3. West Virginia
Home median price: $100,800
Healthcare costs: 6% below the national average
Tax friendly
For those who are looking to spend as little as possible on buying a new home, West Virginia, the number three on our list of cheapest states to live in the US for seniors is one of the best choices since the median home price is little above $100,000. Other costs of living, including sale and property taxes, are much lower compared to many other parts of America. Mountain State is one of the rare states that taxes social security income but only if your overall income exceeds a certain amount. Public and private pensions are partly taxed and retirees can apply for a deduction of $8,000.
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