5 Best States to Live in After Retirement

This article will check out the 5 best states to live in after retirement. If you wish to read our detailed analysis on an unprepared retirement and the best states to retire to, you may go to the 20 Best States to Live in After Retirement.

5. Delaware

Insider Monkey Score: 73

Another popular state to retire to, Delaware, is home to 20.8% of seniors aged 65 or older. There are no taxes on social security and no sales taxes, while property taxes are among the lowest in the nation. The cost of living is 2.6% higher than the state average, and the state ranks amongst the top when it comes to healthcare quality.

4. Wyoming

Insider Monkey Score: 76

Wyoming is one of the most tax-friendly states to retire to in the United States. Due to no state income tax, all sorts of retirement incomes are received by retirees tax-free. Property and sales taxes are low as well, whereas the cost of living is 7.2% below the national average. The state ranks well in terms of healthcare quality.

3. Alabama

Insider Monkey Score: 77

Alabama is also one of the best states to live in after retirement due to its taxes, cost of living, and healthcare quality. 18% of seniors thrive in Alabama, making it a popular state to retire to. Social security is exempted from taxation, while property taxes are some of the lowest in the nation as well. However, sales taxes are high. The cost of living seems to offset it, as it is 11.2% lower than the national average.

2. West Virginia

Insider Monkey Score: 82

West Virginia offers the best blend of tax-friendliness and affordability. 20.5% of seniors call it home. The cost of living in the state is 9.7% lower than the national average. Property and sales taxes are low, and deductions are provided on social security and other types of retirement incomes (as they are partially taxed). The state does well in terms of healthcare quality.

1. Mississippi

Insider Monkey Score: 82

Retirees love Mississippi for its great weather, low taxes, and affordable cost of living. The state performs admirably in terms of healthcare quality, but there is always room for improvement to enhance healthcare services. All sorts of retirement income go untaxed in the state, and there are low property taxes and moderate sales taxes as well. The cost of living in the state is 14.7% lower than the national average.

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