What is the #1 retirement state? (2023)

What is the cheapest and safest state to retire in?

Michigan ranks as the most affordable state to retire in 2022, according to a recent Bankrate analysis. This is due to a low cost of living and light tax burden for residents.
...
Here are the seven most affordable states to retire, according to Bankrate:
  • Michigan.
  • Tennessee.
  • Missouri.
  • Mississippi.
  • Kentucky.
  • Oklahoma.
  • Georgia.
31 Aug 2022

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What is the number 1 place to retire in the US?

These are the 10 best places to retire in the U.S.—and Pennsylvania dominates the list. Lancaster, Pa., was the top-ranked place to retire, according to a new ranking.

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What is the best state to retire in financially?

For those of us who want to retire in the U.S., there are nine states that have no state income taxes: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.

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What are the top 3 states to retire?

Kiplinger created a list using the following factors used to determine the ranking of all 50 states: cost of living, average retirement income, health care costs, poverty rates, retirement taxes, and economic well-being. Based on these factors, South Dakota, Hawaii, and Georgia are the best states for retirement.

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Where is the happiest place to retire?

Best Retirement Cities
Overall RankCityTotal Score
1Charleston, SC58.97
2Orlando, FL58.23
3Cincinnati, OH57.88
4Miami, FL57.37
51 more rows
6 Sept 2022

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Where is the nicest place to retire in the US?

The 10 Best Places to Retire in 2022-2023:
  • Pensacola, Florida.
  • Tampa, Florida.
  • York, Pennsylvania.
  • Naples, Florida.
  • Daytona Beach, Florida.
  • Ann Arbor, Michigan.
  • Allentown, Pennsylvania.
  • Reading, Pennsylvania.

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What is the safest state for retirees?

The following were the 10 best retirement states according to the factors listed above:
  • 1. ( tie) Iowa. ...
  • (tie) West Virginia. Economy: 8 Crime/Safety: 16 Lifestyle: 6 Healthcare: 29. ...
  • (tie) Arkansas. Economy: 4 Crime/Safety: 46 Lifestyle: 8 Healthcare: 6. ...
  • (tie) Mississippi. ...
  • (tie) Florida. ...
  • (tie) Kentucky. ...
  • Connecticut. ...
  • Missouri.
18 Oct 2022

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Where is the cheapest warmest place to retire?

More often than not, retirees will find the most affordable and sunniest retirement destinations in the southernmost state of the continental U.S. — Florida. In fact, one third of the 15 U.S. cities on this list are in Florida.

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What states do not tax your pension or Social Security?

The following states are exempt from income taxes on 401k, IRA, annuity, and pension income:
  • Illinois.
  • Mississippi.
  • Pennsylvania.
  • Alaska.
  • Florida.
  • Nevada.
  • New Hampshire.
  • South Dakota.

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What state is the cheapest to live in on Social Security?

Iowa. Iowa ranks as the most affordable overall state for those living on a Social Security check, with low rent as one of the prime contributors.

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What is the #1 best state to live in?

The personal finance website has come up with a ranked list of the top 20 best states to live in for 2022. Here are the results! The top state is Massachusetts, which ranked first in the nation for education and health, fourth for safety, sixth for quality of life, and 10th for its economy.

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Where can I retire on $2000 a month in the United States?

Keep reading to discover 10 cities where you can retire on $2,000 per month.
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The Best Cities To Retire on $2,000 a Month
  • North Royalton, Ohio. ...
  • San Angelo, Texas. ...
  • Longview, Texas. ...
  • Florissant, Missouri. ...
  • Des Moines, Iowa. ...
  • Parma Heights, Ohio. ...
  • Baytown, Texas.
5 Nov 2022

What is the #1 retirement state? (2023)
What states have no taxes for retirees?

States That Don't Tax Retirement Income

Those eight – Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming – don't tax wages, salaries, dividends, interest or any sort of income.

What state has the lowest tax burden for retirees?

Washington

Washington is one of the states with the lowest taxes for retirees because it has no state income tax or a tax on Social Security. Plus, the property tax rate is lower than in half of the states. However, it's state sales tax is among the highest on the list.

Where is the safest cheapest place to retire?

23 Cheap Places Where You Will Want To Retire
  • Decatur, Alabama. Cost of living for retirees: 11.0% below U.S. average. ...
  • Prescott, Arizona. Cost of living for retirees: 3.7% below U.S. average. ...
  • Hot Springs, Arkansas. ...
  • Grand Junction, Colorado. ...
  • Punta Gorda, Florida. ...
  • Sandy Springs, Georgia. ...
  • Boise, Idaho. ...
  • Bloomington, Indiana.

Where can I retire on $800 a month?

Ecuador. If you're looking for a country where you can retire outside the US comfortably with $800 per month and experience one of the most ecologically diverse places in the world, then Ecuador might be for you. The go-to city for US retirees in Ecuador is Cuenca, which also happens to be a UNESCO World Heritage site.

Where is the best place to retire on a fixed income?

Alaska is an income-tax and sales-tax-free state, making it one of the best places to retire on a fixed income.

What's the cheapest state in the US to live in?

As of August 2022, Mississippi is the least expensive state to live in, according to worldpopulationreview.com. The Magnolia State has a cost of living index of 83.3.

What state has best healthcare for seniors?

Minnesota

What is the number 1 safest state to live in?

Vermont was named the safest state in the U.S. for the second year in a row. Maine, New Hampshire and Utah were also the runners-up in back-to-back years.

Where can I live for $1000 a month in the US?

GOBankingRates looked at cities throughout the country, big and small, and found 20 with rents averaging $1,000 per month or less.
...
  • New Bern, N.C. Median rent price: $1,000. ...
  • Rock Hill, S.C. ...
  • Tallahassee, Fla. ...
  • Beaumont, Texas. ...
  • Winston-Salem, N.C. ...
  • Shreveport, La. ...
  • Las Cruces, N.M. ...
  • Champaign, Ill.
22 Jul 2016

Where can I retire on $1300 a month?

Panama offers a dry, warm climate year round and a very low cost of living–with beach views. You can retire comfortably on $1,300 per month, and it's one of the best countries for quality of life. What's more, English is widely spoken, and you can use your US money anywhere across the country.

What state is not too hot and not too cold?

1. California

You can't beat the south and central California coast for pleasant temperatures year round. Long Beach, Los Angeles, San Diego, Santa Barbara and Santa Maria all have average daily highs no lower than the mid-60s for any month of the year. Nor does it get really hot.

How do I get the $16728 Social Security bonus?

How to get the $16,728 bonus in retirement?
  1. Work as long as you can: the later you retire the higher your benefit will be. Remember that 70 is the maximum age. ...
  2. Years worked: If you work less than 35 years you will have a reduction in your SSA check. ...
  3. High salary: with a high salary you will have a high retirement.
14 Sept 2022

What states should retirees avoid?

Alaska, Maine, California, New Mexico and Montana are the five worst states to retire, according to Bankrate, which said they have either a high cost of living, higher relative crime rates or unfavorable weather for older Americans.

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