The 2025 Social Security COLA Falls Short: Discover 5 Best States to Retire and Offset this Gap

4. Tennessee

Insider Monkey Score: 146

Cost of Living Index: 90.8

Median Home Price: $385,900

Retirement Tax-Friendliness: Tax-friendly

Tennessee’s low cost of living and no state income tax make it a top retirement destination. Home prices in the state are well below the national average, standing at an estimated $385,900. The state’s tax-friendly environment is ideal for retirees seeking affordability. Additionally, Tennessee offers scenic beauty and cultural experiences in cities like Nashville and Chattanooga.