New Data Reveals the 5 Best States to Boost Your Retirement Savings in 2024

4. Wyoming

Insider Monkey Score: 87

Boasting an even lower overall tax burden and below-average living expenses, Wyoming is another state that will prove to be lucky for retirement savers. The overall tax burden stands at 5.7% while living expenses are 7% lower than the national average. Wyoming doesn’t have an individual income tax either, making it a top choice for many.