10 Best U.S. States to Retire with Taxes & Cost of Living

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Looking for the best U.S. states to retire? Check out this web story to find out the top 10 states with taxes and cost of living.

Average home value: $390,100 Average rent (one-bedroom): $1,950 State income tax: No income tax Cost of living: 103.1 Population 65+ years: 21.6%

Florida

Average home value: $369,800 Average rent (one-bedroom): $1,625 State income tax: 0%-6.6% Cost of living: 103.5 Population 65+ years: 20.8%

Delaware

Average home value: $289,500 Average rent (one-bedroom): $1,450 State income tax: 3.54%-7.65% Cost of living: 89.9 Population 65+ years: 18.7%

Wisconsin

Average home value: $296,100 Average rent (one-bedroom): $1,075 State income tax: No income tax Cost of living: 89.3 Population 65+ years: 18.0%

South Dakota

Average home value: $836,700 Average rent (one-bedroom): $2,525 State income tax: 1.4%-11% Cost of living: 165.7 Population 65+ years: 20.4%

Hawaii

Average home value: $385,700 Average rent (one-bedroom): $1,850 State income tax: 5.8%-7.15% Cost of living: 97 Population 65+ years: 22.5%

Maine

Average home value: $237,000 Average rent (one-bedroom): $1,275 State income tax: 4.25% Cost of living: 91.5 Population 65+ years: 18.7%

Michigan

Average home value: $257,500 Average rent (one-bedroom): $1,675 State income tax: 3.07% Cost of living: 94.6 Population 65+ years: 19.6%

Pennsylvania

Average home value: $211,600 Average rent (one-bedroom): $1,150 State income tax: 0.33%-8.53% Cost of living: 80.1 Population 65+ years: 18.3%

Iowa

Average home value: $496,700 Average rent (one-bedroom): $1,725 State income tax: 4.75%-9.9% Cost of living: 114.3 Population 65+ years: 19.2%

Oregon

Info is based on 2023 data. Changes may occur. Consult experts before making retirement decisions. This content serves solely for informational purposes and does not offer financial advice.

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Next: 7 Affordable & Charming Places to Retire in Florida

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