Top 10 Tax Friendly States for Retirees in 2024

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5. Mississippi

Insider Monkey Score: 46    

Tax Friendliness: Very Tax Friendly          

Average Combined State Sales Tax Rate: 7.062%  

Average Effective Property Tax Rate: 0.76%          

Cost of Living Index: 86.3

The state of Mississippi exempts all forms of retirement income from taxation, including Social Security benefits, income from an IRA, income from a 401(k), and any pension income.

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