16 Cheapest States to Live in the US for Seniors

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11. Iowa

Median home price: $128,100

Health care costs: 3% below the national average

Moderately tax friendly

Compared to previously mentioned states, Iowa, the number 11 on our list of cheapest states to live in the US for seniors is less tax friendly – social security is not taxed but retirees pay taxes on all other types of retirement income. In addition, Hawkeye state has inheritance tax and above average property tax. Still, real estate prices are pretty low, so homeowners pay less to government compared to residents in some other parts of America. Iowa is a heaven for fishermen who enjoy Great Lakes, a group of glacier lakes, which are located in the north, near Minnesota. Moreover, the state boasts above the national average quality of air and water so it could be seen as one of the healthiest places on this list.

16 Cheapest States to Live in the US for Seniors

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