5 Best States to Retire On Social Security

2. Wyoming

Insider Monkey Rank: 3.55

Cost of Living Index: 93.2

Health Index: 100.5

Tax Friendliness: Tax-friendly

Crime Rate: 234.2 per 100k

One of the most tax-friendly states to retire to is Wyoming. Not only is it tax-friendly, but also boasts a cost of living which is 6.8% lower than the US average. This state does not have an income tax, which is why all types of retirement income go tax-free. Moreover, property taxes and sales taxes are also some of the lowest in the state. The crime rate is lower than the US average as well, and the state of healthcare is above average.