1. Mississippi
Home median price: $111,200
Healthcare costs: 12% below the national average
Very tax friendly
Elvis Presley’s home state, Mississippi, is the most affordable place on our list of cheapest states to live in the US for seniors. The state does not tax any type of retirement income, it has low property tax rates while sale rates are near US’s average. Seniors living in Mississippi, which was named the most religious state in America by Gallup, enjoy warm winters, beaches, and a great cuisine. Life in the state has its downsides as well – Mississippi has one of the greatest poverty rates in America, summers are hot and humid, mosquitoes can not be avoided, and in some parts, the state faces a serious shortage of doctors (it has 154 physicians per 100,000 residents while America average is 210).
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